Gold eased 0.68% to $4,301 as the Fed held rates and Iran peace talk progress weighed on haven demand.
Bull case:
• Fed holds rates, avoiding a hawkish surprise (MEDIUM)
• Central-bank buying remains a steady structural bid (MEDIUM)
• Consolidation above key support seen as constructive (LOW)
Bear case:
• Iran peace-talk progress reduces the geopolitical risk premium (MEDIUM)
• Dollar firm against major peers (MEDIUM)
• Range-bound price action lacks fresh bullish catalyst (LOW)
Levels that matter: Support $4,286 / Resistance $4,364.