Again repeated and still continuing its decline, the price of Gold moved down and was again pressured by the strong Greenback. Gold's decline has touched a weekly low of US$1740.31/troy ounce. Gold's movement is still in its Bearish Trend and last week's low of US$1737.73/troy ounce is still unbreakable. In the first day of market trading this week, it is expected that the price of Gold will continue its decline, the nearest target will be to the lowest level last week. The easing of Evergrande concerns has made the global market movement active again and starting to recover from its falling level, including the Crypto Currency market. Although still under pressure, at the close of the market last weekend, Gold has tried to rise and closed at the level of US$1748.17/troy ounce. This is because some market participants are physically buying Gold because they see that the current price of Gold is at its lowest track. The good results of the FOMC meeting agreement have put the US Dollar in a condition of strengthening against several other major currencies. Apart from the Central Bank's plan as mentioned above, the increase in bond yields with a tenor of 10 years also contributed to the strengthening of the US Dollar. Many analysts predict that Gold's movement will still continue to decline. This is because the US Dollar currency strengthened. In addition, in his remarks on Friday last weekend, Jerome Powel reiterated his plan to start tapering in November and will also start the discourse on raising interest rates at the end of 2023. This week, there will be a meeting between Janet Yelllen and Central Bank officials who will discuss the budget, in order to prevent a default or temporary government shutdown. If conditions like this last for a long time, then it is possible that the price movement of Gold will touch the psychological support level at 1700/troy ounce. The focus of market participants today is on the statements of several FOMC officials which will start at 20:00 WIB, in addition to the ECB chairman will speak. Some of the Fed officials include William and Brainard. For fundamental analysis or the release of high impact data today, among them are Durable Good Order and Core Durable Good Order which will be released at 19:30 WIB, which is predicted to be good for the US Dollar currency. Technical Analysis GOLD (XUL) In the prediction that the Trend will still be bearish/down. Pivoit points = 1748.67 Support 1 = 1739.81 Support 2 = 1731.45 Support 3 = 1722.59 Resistance 1 = 1757.03 Resistance 2 = 1765.89 Resistance 3 = 1774.25 Stay wise in trading by paying attention to Money Management and Risk Management so that the continuity of your capital and trading account continues.  Happy Trading and consistent profit greetings. That is the reason why the value of gold is still under strong pressure from the greenback due to the results of the FOMC meeting. Don't miss out on reading articles and analyses about forex in the journal GIC. For those of you who are still beginners and want to learn forex, GIC also provides facilities and you can join the forex academy. In addition to classes, you can also watch videos about forex in Trading for Freedom.