As per the start of the week´s analysis, Gold, Chart of the Week: XAU/USD is front side of the trend ahead of the Fed, where a correction was expected ahead of the Federal Reserve, we have seen two 'way business into and around the event. 

The Federal Reserve´s dovish interest rate decision when the central bank announced its 25 bp rate hike flagged “some additional policy firming” with the dot plot median pointing to one more hike. Before today´s Federal Reserve event, markets were pricing in a year-end target rate of 4.36%. This has dropped in volatile reactions to the statement to 4.26%. At the time of writing, US 2-year Treasury yields are down to 4.77%, dropping from 4.259% on the day to print a low of 3.958%. Consequently, the US Dollar index, DXY, fell to a low of 102.065 from a high of 103.265 and Gold price ook off.