Wed, 29 Apr 2026 13:33:16 +0000
theresident, gold, trading

Gold Cracks $4,600 Into Powell's Final FOMC: Oversold But Not Done
A 5%-plus intraday slide from 4,790.80 down to 4,546.80 has bent — not broken — the daily uptrend, with intraday RSIs pinned in the high-20s across 15m/1h/4h while the 1d still holds above its 200-day EMA. The DXY/XAU 30-day correlation has gone flat at -0.00, so this is not a clean dollar trade; it's positioning and rate-path repricing into Powell's last FOMC. With Goldman…