The gold market is showing strong support around the $2,300 level as we approach the FOMC meeting and subsequent press conference. Despite a slight pullback, if gold captures the 50-day EMA, it could rally, overcoming last Friday’s sell-off. A drop below $2,280 might trigger a correction to $2,200 or $2,150, but the long-term uptrend remains intact. Buyers seem determined to sustain gold’s price, driven by potential interest rate cuts and geopolitical concerns, making it risky to short the market now.