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FOMC Day: Gold Spikes But Bulls Face The Wall

Wednesday, July 29, 2026

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โš”๏ธ XAU ALERTS
FOMC Day: Gold Spikes But Bulls Face The Wall

Wednesday, July 29, 2026

Gold ripped off session lows after Iran launched fresh ballistic missiles targeting US forces and stopped three tankers in the Strait of Hormuz. The DXY is coiling just under 101.50. dollar bulls are on hold until the Fed speaks. Warsh delivers the FOMC decision at 2PM ET today and the 36% hike probability still on the table is the only thing standing between bulls and $4,200.

๐Ÿ“‰ Daily Bias: Bearish
๐Ÿ”ด Key Resistance: $4,114
๐ŸŸข Key Support: $4,008

FOMC statement drops at 2PM ET. a hike or hawkish hold crushes this rally and reopens the $3,950 floor.

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XAUalerts ยท ยฉ 2026 ยท Not financial advice