Gold dropped significantly following the Fed's hawkish rate reduction. With a current trade of $3984, it hit an intraday low of $3915.
On October 29, 2025, the Federal Reserve reduced interest rates by 25 basis points to 3.75%-4.00%, a move seen as surprisingly hawkish. declining gold prices as investors changed their future predictions. With Governor Stephen Miran advocating for a more aggressive 50bp cut and Kansas City Fed's Jeffrey Schmid opposing any change, the decision was not unanimous. Fed Stating that a December reduction is "far from" assured and policy is "not on a predetermined path," Chairman Jerome Powell strengthened the hawkish tone. "strong division inside the committee" concerning the direction of economic policy going ahead.
Near-term support - $3960. Any breach below will drag the yellow metal down to $3934/$3885/$3800/$3770/$3500.
Significant resistance - $4030. Any violation above this level will push the commodity to $4065/$4100/$4155.
It is good to sell on rallies around $4038-40 with SL around $4155 for a TP of $3500.


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