🥇$XAUT
GOLD JUST HIT A 12-MONTH LOW!

Gold is facing intense selling pressure, breaking below a major long-term price level. 📉

What's driving the decline?

💵 A stronger US dollar
🔥 Hotter-than-expected US inflation
🏦 Rising expectations of Fed rate hikes
🛢️ Higher oil prices adding inflation concerns

📊 The chart also shows deeply oversold momentum, but that doesn't guarantee an immediate recovery.

Can gold find support, or is more downside ahead? 👀

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