📉 Gold slips below $4,000 as the dollar climbs and Fed hike bets firm 💵
🥇 XAU: ~$3,987 (−1.11%)
🥈 XAG: ~$51.55 (+0.25%)
Hotter-than-expected CPI and resilient jobs data have put further Fed tightening back in focus. Markets are pricing in a high chance of a December hike. The dollar index rose about 0.7%, nearing 102.90 and adding pressure on gold.
Oil’s rebound and fresh uncertainty around Hormuz and Iran offered only limited support. Equities, meanwhile, recovered some ground.
📊 Levels to watch next session
🥇 XAU
Resistance: $3,988 → $4,020
Support: $3,910 → $3,890
🥈 XAG
Resistance: $52.12 → $53.12
Support: $51.09 → $50.59
🧭 Trader’s note :
For now, the dollar remains the main driver. Softer labor data or a cooler PPI print could ease the pressure on gold. Another upside inflation surprise would add to the downside risk.
Trade the levels and keep risk tight. Cash is a position. NFA.
👉TRADE $XAU - $XAG HERE👇
🥇 XAU: ~$3,987 (−1.11%)
🥈 XAG: ~$51.55 (+0.25%)
Hotter-than-expected CPI and resilient jobs data have put further Fed tightening back in focus. Markets are pricing in a high chance of a December hike. The dollar index rose about 0.7%, nearing 102.90 and adding pressure on gold.
Oil’s rebound and fresh uncertainty around Hormuz and Iran offered only limited support. Equities, meanwhile, recovered some ground.
📊 Levels to watch next session
🥇 XAU
Resistance: $3,988 → $4,020
Support: $3,910 → $3,890
🥈 XAG
Resistance: $52.12 → $53.12
Support: $51.09 → $50.59
🧭 Trader’s note :
For now, the dollar remains the main driver. Softer labor data or a cooler PPI print could ease the pressure on gold. Another upside inflation surprise would add to the downside risk.
Trade the levels and keep risk tight. Cash is a position. NFA.
👉TRADE $XAU - $XAG HERE👇
