Choose country & language:

XAU/USD falls below $1,800 ahead of FOMC on Wednesday

27/07/20211 min. read

The latest reports by economic analysts indicate that XAU/USD falls below $1,800 ahead of FOMC. In particular, we are reading that: 



XAU/USD falls below $1,800 ahead of the FOMC meeting on Wednesday. Technical analysts suggest:


  • Gold prices stay pressured for the 3rd straight day, off the intraday low.


  • The weaker USD helped limit deeper losses, at least for now.


  •  Various factors caused some intraday selling around gold on Monday (July 26). 


  • Traders are reluctant to open new big positions ahead of the key Federal Open Market Committee (FOMC) meeting on Wednesday.


  • US Durable Goods Orders and Housing Price Index for June will be significant numbers to watch


  • Covid-19 updates over US stimulus, as well as the US-China news, might push the gold to move, according to analysts.



Why TopFX



industry presence
as a Liquidity Provider


from 0.0 pips

and reliable execution



client funds



customer support

Open your Live Account in 3 Steps
Step 1

Fill in the registration
form and click
"Create account".

Step 2

Once you are in the client secure area, please proceed with uploading your Proof of Identity and Proof of Residence.

Step 3

When your live account is approved, you can deposit funds and start trading on your chosen platform!