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Gold: Inverted Hammer Breakout on Daily, Trading Above 20SMA on Daily, Bullish Flag on 4H, Bullish Flag on 1H

Gold is hovering near record highs around $3,683/oz as markets brace for the Fed’s two-day policy meeting, where a 25bps rate cut—the first since December—is widely anticipated. Traders will closely track the Fed’s dot plot, Powell’s remarks, and upcoming US data for signals on the path ahead. Meanwhile, political pressures and ongoing legal disputes add to the uncertainty.