Product: XAU/USD Prediction: Decrease Fundamental Analysis: The price of gold briefly fell to $2315 but then bounced back to $2321. The Federal Reserve's latest forecast, announced last week, shows that the average prediction of 19 central bank officials is that there will be only one interest rate cut this year. Some officials think the rate cut might happen in December. Israel announced a temporary ceasefire to allow aid but said they will continue their attacks in Rafah. There are no important economic reports from the US this week to help clarify the Federal Reserve's future plans. Technical Analysis: The gold prices are neutral to slightly negative. Momentum indicators show that sellers are gaining strength as the 14-RSI moves further into the bearish zone, which could lead to more price drops. If gold prices fall below $2,300, the first support level will be the low point of $2,277 on May 3, followed by the high point of $2,222 on March 21. If gold prices bounce back and surpass the high point of $2,387 on June 7, they could then test the $2,400 level. #marketanalysis #forextrading #goldmarket #Analysis #Brokers #financialfreedom #decentincome #market #KVB#