Today, we saw the USD slide across the board after the Fed announced that it would hold its federal funds rate between 0% and 0.25%. It is widely believed that the FOMC is planning to raise rates in 2016. This was not a big surprise, but still a disappointment to many who still saw a chance that the FOMC would pull the trigger. Gold priced in USD broke above a falling trendline during the 9/16 session but stalled ahead of the FOMC decision. Afterwards, we can say that the bullish breakout has been confirmed.Gold (XAU/USD) 4H chart 9/17(click to enlarge)The next resistance will be around 1147-1150. Above that Gold has upside to 1170. There is further upside risk, but at this point, I would limit that bullish outlook to about 1180-1190, which would complete an ABC correction pattern in the daily chart. Gold (XAU/USD) Daily Chart 9/17(Click to enlarge)The 1180 area is actually key. It is a common support between April and June, and is where the 200-day simple moving average resides.