XAUUSD remains under heavy pressure after breaking below the major 4,500 USD support zone and falling to its lowest level since early March.
The market continues showing almost no meaningful rebound after each decline, confirming that sellers still dominate short-term momentum. Technically, EMA34 remains below EMA89, while the widening gap between both EMAs signals an expanding bearish trend.
The key support now sits around 4,450 USD. A breakdown below this level could quickly push gold toward 4,350 USD.
The main bearish drivers remain rising US Treasury yields and a stronger dollar as markets expect the Fed to keep rates higher for longer due to persistent inflation pressures linked to energy prices.
Interestingly, gold is no longer behaving as a traditional safe haven. Rising oil prices are now increasing fears of prolonged inflation and a more hawkish Fed stance, which directly pressures precious metals.
Silver, palladium, and platinum are also facing heavy selling pressure, showing broad weakness across the metals sector.
The market continues showing almost no meaningful rebound after each decline, confirming that sellers still dominate short-term momentum. Technically, EMA34 remains below EMA89, while the widening gap between both EMAs signals an expanding bearish trend.
The key support now sits around 4,450 USD. A breakdown below this level could quickly push gold toward 4,350 USD.
The main bearish drivers remain rising US Treasury yields and a stronger dollar as markets expect the Fed to keep rates higher for longer due to persistent inflation pressures linked to energy prices.
Interestingly, gold is no longer behaving as a traditional safe haven. Rising oil prices are now increasing fears of prolonged inflation and a more hawkish Fed stance, which directly pressures precious metals.
Silver, palladium, and platinum are also facing heavy selling pressure, showing broad weakness across the metals sector.
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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.