#GOLD_UPDATE #XAU
Gold (XAU/USD) is trading around $4,140–4,150 per ounce. That is down roughly 3% on the day and about 26% below its January 2026 record of about $5,600. Sources differ slightly on exact levels, and I'm quoting spot $XAU /USD rather than a specific XAU/USDT exchange pair, which usually tracks it closely.
Drop: Bloomberg showed gold falling about 3.4% on Sep 28, after it had traded near $4,260–4,300 the day before.
Cause: Higher bond yields and expectations of tighter, "higher for longer" Fed policy are weighing on gold.
Levels: The day's low was near $4,111. A break below that opens more downside, while $4,250–4,300 is the resistance zone gold just lost.
Bias: Short-term bearish while yields stay firm. Wait for price to stabilize before treating this as a bottom.
Not financial advice.
#XAU #Write2Earn #Binance
Gold (XAU/USD) is trading around $4,140–4,150 per ounce. That is down roughly 3% on the day and about 26% below its January 2026 record of about $5,600. Sources differ slightly on exact levels, and I'm quoting spot $XAU /USD rather than a specific XAU/USDT exchange pair, which usually tracks it closely.
Drop: Bloomberg showed gold falling about 3.4% on Sep 28, after it had traded near $4,260–4,300 the day before.
Cause: Higher bond yields and expectations of tighter, "higher for longer" Fed policy are weighing on gold.
Levels: The day's low was near $4,111. A break below that opens more downside, while $4,250–4,300 is the resistance zone gold just lost.
Bias: Short-term bearish while yields stay firm. Wait for price to stabilize before treating this as a bottom.
Not financial advice.
#XAU #Write2Earn #Binance