The precious metal was seen notching gains ahead of the Fed meeting on Wednesday. The gains in gold prices came as US preliminary estimates saw a weaker print.
The US economy grew by 1.9% in the three months ending September. This was slightly better than the 1.6% increase that was forecast.
XAU/USD Remains Directionless
The precious metal posted some modest gains. But the weakening momentum will likely keep the precious metal directionless for the moment. Price action is approaching the previous minor resistance level that broke at 1495. With the confluence of both this horizontal resistance and the trend line, XAUUSD gains will be limited for now.
