Technical analysis by RLinda about Symbol PAXG on 6/18/2025

XAUUSD is consolidating in the range of 3403 - 3373. The problem is that there is news ahead. FOMC and interest rate meeting. The market may react in any unpredictable way...On Wednesday, the price of gold retreated from $3,400 as sentiment stabilized and investors focused on the upcoming Fed decision. Tensions in the Middle East remain high, but there is less panic in the markets. The Fed is expected to leave rates unchanged. The focus is on forecasts for rates, growth, and inflation. Dovish signals could support gold and weaken the dollar. If the Fed is more cautious due to oil and the conflict in the Middle East, the dollar could rise and gold could fall.Technical nuances are irrelevant in this case, as price behavior depends on the market's interpretation of fundamental factors. Resistance levels: 3403, 3420Support levels: 3373, 3339BUT! Technically, I would say that there is pressure from the bears. The price is compressing towards the support level of 3373.The market remains unbalanced in favor of buyers, and it is logical that market makers will be interested in testing the trend support zone or the 3339 level (due to the liquidity pool) before continuing to rise (gold may continue to rise both if rates are lowered and if they remain at the same level. However, the tone of the Fed will play a major role here)Best regards, R. Linda!