#XAU #Gold The Fed data came in high but as expected. Markets are feeling the pressure of the possibility of a rate hike.

4023 low was broken yesterday, and it is now trying to hold at the Fibonacci support level of 3992. Buyers are not yet eager.
On the weekly chart, if it stays above the 3887 level, the possibility of an uptrend remains. Otherwise, the 3608 level is the next support. Even if it holds at support and buyers push it up a bit, the rise could be considered a reaction to the decline.
If it rises from its current level and closes above 4210 on the 4-hour chart, there will be a possibility of the uptrend continuing.
After that, if it stays above 4336, it could attempt to break the falling blue trendline. The most important confirmation for the uptrend would come from staying above the falling blue trendline for one to two days. It could retest the peak.