GLD

Gold is attempting to stabilize before the Federal Reserve decision, but traders remain focused on inflation risk and the possibility of more tightening. PCE data, December rate-hike odds and several major resistance levels leave the broader XAUUSD and GLD outlook vulnerable.

Silver remains under pressure as the Dollar Index holds above a reclaimed technical level and Treasury yields continue to point to a restrictive rate backdrop. Cheaper crude has offered only limited relief, leaving sellers in control unless XAG/USD can recover key resistance levels.