Gold slips below $ 300 when traders are waiting for a Fed’s political decision

• Gold slips below $ 3,300 to US positive economic data, traders remain careful before the federal reserve reserve decision.
• The federal reserve system is expected to maintain stable interest rates, but the reduction instructions are the main driving force of the market.
• Demand with a safe Havan remains muted in the middle of the release of global trade tension and improves the risk to risk.

Gold (Xau/USD) attracts the seller on Wednesday, during the US session is almost $ 3,293, almost 1.0%per day. Yellow metal loses the soil on stronger than expected US economic data. The stubbing tension of the business tension damaged the attraction of the Gold Safe-Haven and kept the profits under control. However, the softer US dollar (USD) and modest downloads in the Ministry of Finance revenues offer some support. Nevertheless, the total sentiment in the markets in the markets limits momentum, because traders will undergo decisions of the Federal Reserve (Fed) of monetary policy, due on Wednesday at 18:00 GMT.

Gold Last week he got under pressure when he improved Riskmanaged by a number of commercial agreements, reduced demand for safe assets. The recently announced US-EU agreement, which imposes 15% flat tariff on a wide range of European imports, added to the optimism of the market that the tension of global trade may be cooling. Previously, the United States (USA) also achieved preliminary agreements with Japan. Adding cautious optimism takes place with Canada, South Korea and other business partners with the hope that several other stores can be completed on Friday before 1 August.

Meanwhile, business interviews in the US closed on Tuesday in Stockholm with both parties that have committed themselves to maintain open communication and follow the current tariff, which will be expired on August 12. Although no formal extension was agreed, negotiators called the tone constructive. The US President Donald Trump is expected to make the last challenge to expand the ceasefire and keep the markets in the waiting and tracking regime.

Looking forward, the American economic calendar is focused on Wednesday. The day begins with a report on the change of employment of ADP for July, which provides early view of the labor market health Wage -free (NFP) Message Later this week. This is followed by preliminary values for personal consumption (PCE) and Q2 Gross domestic product (GDP) to help shape expectations on inflation and growth. However, the main reflector falls on the Fed monetary policy decision Fed Jerome Powell, where investors will look for traces on the future interest rates.

Market drivers: Eyes on Fed, GDP and Jobs data

• The yield of the 10 -year US Treasury is almost 4.33% on Wednesday and stabilizes after a sharp drop in the previous session. Meanwhile, the 30 -year -old yield (US30 years) trades around 4.86%when investors accepted a cautious attitude before the political reserve announcement.
• The ADP employment report for July, published at 12:15 GMT, showed that the private sector in the US added 104,000 jobs and exceeded the expectations of an increase of 78,000 and were sharply reflected in the June revised decline of 33,000.
• The US economy increased 3%in the fourth quarter of 2025, according to preliminary estimates, 0.5%of the Q1 contraction was reflected and expected by 2.4%.
• Preliminary reading of the price indices of the price of basic personal consumption (PCE) increased by 2.5%QoQ, which is slightly beyond 2.4%, although in Q1 from 3.5%. Meanwhile, the GDP price index has cooled to 2.0%, which was missing 2.4%, while the superstructure of the PCA inflation dropped to 2.1% of 3.7%, indicating the ongoing disinfectant trends.
• US President Donald Trump was weighed on Wednesday than the GDP was expected, and published social truth: “2Q HDP just out: 3%, much better than expected!” Too late “-now reduce the rate. No inflation! Let people buy and refinance your homes. ” While the Fed maintains its attitude to independence and addiction to data, such comments can increase the reflector on the Fed Powell Note after the meeting.
• Fed is expected to maintain interest rates unchanged to 4.25%-4.50%. However, the actual focus will focus on forward instructions, as the markets are increasingly raising the prices of rates by September, according to CME Fedwatch, the chance will increase to approximately 65%. The fed tone in Dovish could consider the US dollar and real yields and offer fresh upside down on Xau/USD. Conversely, if the Fed is pushing back against prices on the market or signals that the cuts are not immediate, gold could try to penetrate its recent range and can dive below.
• Tuesday’s data offered mixed signals of the US economy. The Jolts Report has shown that vacancies dropped by 275,000 to 7.437 million in June, signaling the gradual cooling of demand for work. However, the conference council confidence index increased to 97.2 in July, from 95.2 in June and significantly beyond the expectations of 95.4.

Technical Analysis: Xau/USD Tested Key Support near 50 Days EMA before Fed

From a technical point of view Xau/USD It tests the key zone of the confluence in the daily chart, where the 50 -day exponential gliding diameter (EMA) at $ 3,323.22 overlaps with increasing support for the trend line drawn from the March minimum. While the price is currently traded slightly below the ascending trend line, violation lacks strong dynamics.

The metal remains in a wider UPTRED, but the short -term momentum weakened, suggesting that traders are waiting for another catalyst. This catalyst will probably be on Wednesday’s decision of the Fed of Monetary Policy. A clear escape over $ 350 could trigger a bull sequel, while the decay below 50 could reveal a 100-day EMA near $ 333.71.

The momentum indicators tend to be bear, but there is no belief. The relative force index (RSI) slipped under the neutral 50, currently to 47, indicating the weakening of the bull momentum with another space for the entry of the accompanying area. The MacD also remains in the negative area, with the signal line moving above the MacD line and the histogram printing of small red bars, pointing to a slight pressure of disadvantages.