Gold is moving sideways around 4,520 – 4,540 USD after the sharp selloff earlier this week.
The market is no longer seeing heavy panic selling, but buyers also still lack enough momentum for a clean breakout. EMA34 and EMA89 are beginning to compress, while candle ranges and volume continue shrinking — a typical sign of volatility compression before a larger move.
Sellers are no longer dominating as aggressively as before, but safe-haven demand remains weak because US Treasury yields and the dollar are still elevated.
The market is currently trapped between expectations of a softer Fed if growth slows and fears that inflation may keep rates higher for longer.
If gold holds above 4,500 – 4,510 USD, a rebound toward 4,560 – 4,580 USD remains possible. But a breakdown below support could quickly trigger another bearish wave.
The market is no longer seeing heavy panic selling, but buyers also still lack enough momentum for a clean breakout. EMA34 and EMA89 are beginning to compress, while candle ranges and volume continue shrinking — a typical sign of volatility compression before a larger move.
Sellers are no longer dominating as aggressively as before, but safe-haven demand remains weak because US Treasury yields and the dollar are still elevated.
The market is currently trapped between expectations of a softer Fed if growth slows and fears that inflation may keep rates higher for longer.
If gold holds above 4,500 – 4,510 USD, a rebound toward 4,560 – 4,580 USD remains possible. But a breakdown below support could quickly trigger another bearish wave.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.