Is there any way we can get a December rate cut now?
Gold has softened after the release of the minutes from the Federal Reserve’s last interest rate decision.
The minutes show there’s no unified push toward cutting, which could make a December move unlikely.
Several Federal Reserve officials supported lowering rates in October, but others preferred keeping policy unchanged, and some pushed back firmly against easing.
Technically, XAUUSD continues to form smokestacks, printing repeated double-top structures. The price is now hovering around 4,070, sitting under possible short-term resistance at 4,150. XAUUSD losing the 50-day MA further could shift bias more decisively lower.
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