Gold prices recently faced resistance around the 1934 mark, primarily due to the more hawkish stance from the FOMC Dot Plot. There’s significant uncertainty in the market regarding the Federal Reserve’s interest rate decisions. While the Fed aims for a soft landing, the robust economy and labor market might compel it to take more aggressive actions. This uncertainty has led to a rangebound price movement for gold in recent times. Technically, gold is exhibiting rangebound trading on the daily charts, and the 4-hour chart indicates a noticeable pullback from the 1934 resistance level. If the price continues to maintain levels above $1,920, there’s potential for further upside.