AUD/USD consolidates after upbeat Australian GDP data.

Greetings to all intelligent and prosperous traders! Currently, by observing the 4-hour chart, it can be seen that gold is experiencing a slight decline even though the Fed may not raise interest rates in this September meeting.

The increase in the USD has had a negative impact on gold, causing it to drop to its current low level of $1935 and reaching its lowest point this week.

There is a high possibility that the Fed will still have another interest rate hike in the November meeting. At that time, the direction of gold will be more clearly determined.

And how do you feel about today's market? I would love to hear your thoughts in the comments section.