Gold Forecast: The Gold prices (yellow metal) is facing static resistance at $1,855. A dovish Fed should lift Gold above...

Gold’s upside remains capped by the upper boundary of a month-long rising wedge formation, now pegged at $1,855.

Fed Interest Rate Decision

The retreat in the US Treasury yields also helped the bright metal to gain further ground, as investors preferred safety in the US Treasuries ahead of the US Federal Reserve’s (Fed) interest rate decision due on Wednesday.