Fundamental Headwinds
Latest FOMC minutes revealed consistent hawkish bias, with most officials dismissing rate cuts and leaving further hikes on the table this year. Rebounding US dollar index and 10-year real yields lift opportunity costs for zero-yield gold. Heightened US-Iran tensions lift crude prices, stoking persistent inflation fears and locking in elevated interest rates. Risk-averse capital now favors dollar assets over bullion, while speculators rush to unwind long gold holdings.
Technical Setup
Gold notched four consecutive bearish daily candles, trading steadily below all short-term moving averages. Momentum indicators keep weakening, with strong supply resistance locked within 4120–4140 range. A firm break below key support at 4030 will trigger mass stop-loss liquidations and accelerate downside moves.
Near-Term Bias
Bearish momentum holds sway across the market. Selling short on every corrective bounce remains the core trading approach.
- Sell: 4140 - 4120
- TP: 4100 - 4080 - 4060
Latest FOMC minutes revealed consistent hawkish bias, with most officials dismissing rate cuts and leaving further hikes on the table this year. Rebounding US dollar index and 10-year real yields lift opportunity costs for zero-yield gold. Heightened US-Iran tensions lift crude prices, stoking persistent inflation fears and locking in elevated interest rates. Risk-averse capital now favors dollar assets over bullion, while speculators rush to unwind long gold holdings.
Technical Setup
Gold notched four consecutive bearish daily candles, trading steadily below all short-term moving averages. Momentum indicators keep weakening, with strong supply resistance locked within 4120–4140 range. A firm break below key support at 4030 will trigger mass stop-loss liquidations and accelerate downside moves.
Near-Term Bias
Bearish momentum holds sway across the market. Selling short on every corrective bounce remains the core trading approach.
- Sell: 4140 - 4120
- TP: 4100 - 4080 - 4060
Trade attivo
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.