RLinda ! GOLD-> What to Expect Ahead of Week 44, 2022?

XAU Futures prices were down -1.24% by the end of the weekly session despite the weakening of the US. But the Fed's November press release could trigger a strengthening of quotations.
The Federal Reserve is projected to raise interest rates by 75 basis points at its meeting, but at the same time but may take a less aggressive stance going forward, which would be a "good call" for investors.
Nasdaq and Dow ratios underscore FAANG collapse, Fed and recession are next week's top topics
On the weekly chart, gold makes a retest of the critical 1639.74 level after it made a false break-down of the resistance at 1697.64

• - With a negative outcome of the Fed meeting, the price may break the support and move into the 1600-1500 range, which will stifle the interest of big investors.
  
• - If the Fed releases positively, we could see the gold consolidate between 1697-1639, which might break the resistance and push the price higher.
  

* Gold is momentarily consolidating under the MA-200 trendline, which hints at a lull before the global news release.
On the main chart (1 hour), we see a smooth price movement from a descending price channel into consolidation. The market is moving into a neutral state, as everyone is waiting for the news. What to expect next?

From the technical analysis point of view, we see a third false-break of the support at 1642 and a return of the price inside the range of 1673-1642, which might hint that the price might slightly strengthen to the resistance since the opening of the session.

Consolidation is a phase when the price decreases the volatility, and the limit lines are drawn, beyond which the big players do not let the price out. There is a Fed meeting coming up and I think this is the fact that could influence further price action. Either up towards 1728 or down towards 1500

Regards to R. Linda!