In the analysis from June 17, it was clearly stated that gold should be bought above the 4300 level, with the support at the 4300 mark serving as a basis to initially target the 4350 area. It was also noted that prior to the Federal Reserve's interest rate decision announcement and the remarks from the new Chair, Waller, gold was unlikely to see significant movement. It was advised not to chase the long side blindly or become overly bullish.

Yesterday, gold did not directly break above Monday's high of 4370. The daily chart still closed with a small bullish candle bearing an upper shadow, indicating repeated testing of the overhead resistance. As we approach a major event with the interest rate decision and Waller's debut, market participants on both the long and short sides are acting cautiously. It is expected that the daytime session today will see range-bound movement. The resistance at 4370 is likely to be difficult to break before the Fed news and may see repeated tests. However, a break above 4370 following the news would likely lead to a continuation of the upward move.

Regarding intraday trading, the overall strategy for today does not differ significantly from the ideas presented in yesterday's article. The analysis of the market rhythm remains largely unchanged. The approach continues to be based on buying on support at 4300, using a break below the 4300 level as a stop-loss. The target is around 30 points, and it is important not to be overly greedy or extend targets excessively. During the daytime session, considering a short position near the previous high resistance at 4370 is also an option, with a stop-loss placed above 4370. Following the Federal Reserve news late in the US session, if the price breaks above 4370, a long position can be initiated. Conversely, if the price breaks below 4300, a short position can be considered.