US Dollar Accelerates, Gold “Slides” After Fed Chairman Powell’s Cautious Speech 
XAUUSD spot prices plunged in the latest session as the US dollar and Treasury yields rose in tandem, following a cautious speech by US Federal Reserve Chairman Jerome Powell.
Powell: “Caution remains the priority”
In his speech on Tuesday, Mr. Powell said the Fed still needs to carefully consider the two parallel risks: high inflation and a weak labor market. According to him, current monetary policy is still “sufficient to respond to the underlying economic developments,” although it is still limited.
Powell this time appeared “more open but tough,” as if to emphasize that the Fed cannot rush to cut interest rates when inflationary pressures are still persistent.
Yields and US Dollar put pressure
The sharp fall in gold prices also came from rising US Treasury yields. The 10-year yield inched up 3 basis points to 4.137%, while real yields rose nearly 3.5 basis points to 1.767%. This made gold, which does not yield interest, less attractive.
The US dollar index (DXY) also rose 0.66% to 97.85, making US dollar-denominated gold more expensive for investors holding other currencies.
Markets await US economic data
Traders are now focused on US GDP data, jobless claims and personal consumption expenditure (PCE) for fresh clues on monetary policy.
The gold market is reacting to both the Fed comments and geopolitical tensions.
Russia-Ukraine tensions and the haven factor
On the geopolitical front, US President Donald Trump unexpectedly declared support for Ukraine, asserting that “Kiev can take back all its territory”. At the same time, the Ukrainian army said it had attacked two oil pumping stations in Volgograd (Russia).
In the context of instability, gold is often considered a safe haven. However, with the acceleration of the dollar and bond yields, the pressure on gold is still quite large.
Outlook
The Fed will continue to rely on economic data to make decisions, thereby directly affecting the US dollar, interest rates and market sentiment.
Investors now expect the Fed to cut interest rates by 25 basis points at each of its remaining meetings in 2025, with another cut in the first quarter of 2026.
However, with interest rates still an “unknown” factor, gold, which does not generate income, will find it difficult to break out if the Fed does not send a clear signal about the pace of policy easing.
Technical outlook analysis ofXAUUSD
Overall Trend
• The daily chart (D1) shows that gold has been in an uptrend channel since August, with breakout candles accompanied by high volume.
• Current price: 3,734 USD/oz (after testing resistance near 3,750 – 3,791).
• The main trend is still up, but the price is having a technical correction after a hot rally.
Key technical milestones
Key Technical Levels
• Near Resistance:
3,791 USD (Fib 0.382 + recent high).
3,825 USD (Fib 0.5).
• Far Resistance:
3,872 USD (Fib 0.618).
3,938 USD (Fib 0.786).
4,022 USD (maximum target according to Fib 1.0).
• Important Support:
3,720 USD (Fib 0.236 + MA zone).
3,628 USD (Fib 0.0 – stronger support, in case of deep correction).
RSI
• RSI has reached the overbought zone (>70) and cooled down → supporting a short-term correction before continuing to increase.
Personal trading idea
• Entry 1 (cautious): Wait for the price to correct to 3.720 – 3.730 (nearby support) to buy.
• Entry 2 (risky): Can enter immediately when the price holds above 3.734 with a short stoploss.
• Stoploss: Below 3.700 (safer than below 3.628 if you want to hold long-term).
• Take Profit (TP):
o TP1: 3.791 (nearby resistance).
o TP2: 3.825 (Fib 0.5).
o TP3: 3.872 – 3.938 (strong resistance).
o Further: 4.022 (maximum target in an uptrend).
SELL XAUUSD PRICE 3767 - 3765⚡️
↠↠ Stop Loss 3771
→Take Profit 1 3759
↨
→Take Profit 2 3763
BUY XAUUSD PRICE 3700 - 3702⚡️
↠↠ Stop Loss 3696
→Take Profit 1 3708
↨
→Take Profit 2 3714
XAUUSD spot prices plunged in the latest session as the US dollar and Treasury yields rose in tandem, following a cautious speech by US Federal Reserve Chairman Jerome Powell.Powell: “Caution remains the priority”
In his speech on Tuesday, Mr. Powell said the Fed still needs to carefully consider the two parallel risks: high inflation and a weak labor market. According to him, current monetary policy is still “sufficient to respond to the underlying economic developments,” although it is still limited.
Powell this time appeared “more open but tough,” as if to emphasize that the Fed cannot rush to cut interest rates when inflationary pressures are still persistent.
Yields and US Dollar put pressure
The sharp fall in gold prices also came from rising US Treasury yields. The 10-year yield inched up 3 basis points to 4.137%, while real yields rose nearly 3.5 basis points to 1.767%. This made gold, which does not yield interest, less attractive.
The US dollar index (DXY) also rose 0.66% to 97.85, making US dollar-denominated gold more expensive for investors holding other currencies.
Markets await US economic data
Traders are now focused on US GDP data, jobless claims and personal consumption expenditure (PCE) for fresh clues on monetary policy.
The gold market is reacting to both the Fed comments and geopolitical tensions.
Russia-Ukraine tensions and the haven factor
On the geopolitical front, US President Donald Trump unexpectedly declared support for Ukraine, asserting that “Kiev can take back all its territory”. At the same time, the Ukrainian army said it had attacked two oil pumping stations in Volgograd (Russia).
In the context of instability, gold is often considered a safe haven. However, with the acceleration of the dollar and bond yields, the pressure on gold is still quite large.
Outlook
The Fed will continue to rely on economic data to make decisions, thereby directly affecting the US dollar, interest rates and market sentiment.
Investors now expect the Fed to cut interest rates by 25 basis points at each of its remaining meetings in 2025, with another cut in the first quarter of 2026.
However, with interest rates still an “unknown” factor, gold, which does not generate income, will find it difficult to break out if the Fed does not send a clear signal about the pace of policy easing.
Technical outlook analysis of
XAUUSD Overall Trend
• The daily chart (D1) shows that gold has been in an uptrend channel since August, with breakout candles accompanied by high volume.
• Current price: 3,734 USD/oz (after testing resistance near 3,750 – 3,791).
• The main trend is still up, but the price is having a technical correction after a hot rally.
Key technical milestones
Key Technical Levels
• Near Resistance:
3,791 USD (Fib 0.382 + recent high).
3,825 USD (Fib 0.5).
• Far Resistance:
3,872 USD (Fib 0.618).
3,938 USD (Fib 0.786).
4,022 USD (maximum target according to Fib 1.0).
• Important Support:
3,720 USD (Fib 0.236 + MA zone).
3,628 USD (Fib 0.0 – stronger support, in case of deep correction).
RSI
• RSI has reached the overbought zone (>70) and cooled down → supporting a short-term correction before continuing to increase.
Personal trading idea
• Entry 1 (cautious): Wait for the price to correct to 3.720 – 3.730 (nearby support) to buy.
• Entry 2 (risky): Can enter immediately when the price holds above 3.734 with a short stoploss.
• Stoploss: Below 3.700 (safer than below 3.628 if you want to hold long-term).
• Take Profit (TP):
o TP1: 3.791 (nearby resistance).
o TP2: 3.825 (Fib 0.5).
o TP3: 3.872 – 3.938 (strong resistance).
o Further: 4.022 (maximum target in an uptrend).
SELL XAUUSD PRICE 3767 - 3765⚡️
↠↠ Stop Loss 3771
→Take Profit 1 3759
↨
→Take Profit 2 3763
BUY XAUUSD PRICE 3700 - 3702⚡️
↠↠ Stop Loss 3696
→Take Profit 1 3708
↨
→Take Profit 2 3714
บันทึก
▫️Spot gold price dropped sharply by 7 USD, the latest quote is 3738 USD/ounce; US dollar index DXY increased slightly.บันทึก
บันทึก
🔴 Spot gold sets new all-time high Spot gold surpassed its previous peak, setting a new all-time high of $3,792.88 an ounce, up about 0.8% on the day.
บันทึก
🔴 Spot gold price hits $3,850 Spot gold price hits $3,850/ounce, continues to set a new historical peak, up 0.42% on the day.
บันทึก
🔴Spot gold rose to $3,870 an ounce, up 0.30% on the day.
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🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+kR8dk9GBHEJjY2Nl
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+kR8dk9GBHEJjY2Nl
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน