During Wednesday morning hours, the yellow metal was resisted by the 200-hour simple moving average to push the gold to the 1,283.23 mark.
Most likely, the XAU/USD will be trading bellow the resistance level of the 200-hour simple moving average at the 1,275.00 level during the trading session.
However, the gold might appreciate against the US Dollar during today’s US FOMC Meeting Minutes at 19:00 GMT to push the yellow metal to break through the resistance level. Watch out for the fundamental!
