XAUUSD H1 | Market View

- Gold prices continued to decline as the dollar gained traction in the wake of the Federal Reserve meeting. The U.S. 10-year yield popped 5-basis points while the 2-year yield rose 6-basis points. The Fed raised its view of growth and inflation. The Federal Reserve left interest rates unchanged as widely expected but increased its forecast for both GDP and inflation. However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program. Though the Fed raised its headline inflation expectation to 3.4%, a full percentage point higher than the March projection.
- Technically view: small pullback epected to 18846-1848