GOLD → Rates have been cut. Will growth continue?

XAUUSD , following the Fed's decision on interest rates, caused a shock, updating the ATH to 3707, then updating the minimum to 3633. Since the opening of the European session, the market has been recovering, but there is a BUT...

The Fed's Dot Plot confirmed the forecast of two additional rate cuts before the end of the year, which provides long-term support for gold.
The USD remains under pressure after the Fed's decision, despite a short-term rebound. Trump's statements and the escalation of conflicts continue to fuel demand for safe havens.
After rising to a record high of $3707, a short-term correction is possible. If today's jobless claims come in better than expected, it will temporarily strengthen the USD. As for Powell, his emphasis on “meeting-to-meeting decisions” may limit appetite for risky assets.

Resistance levels: 3674.7, 3688.6
Support levels: 3654.5, 3633, 3626.8

Technically, since the opening of the European session, gold has spent its intraday ATR reserve. From the specified resistance level of 3675 (psychological level), a correction to 3660-3655 may form before continuing to grow to 3675-3688.

Best regards, R. Linda!