$GOLD.US *Current Price: $3,883.94*
Weekly close near 2026 low $3,852, down -4.56% for the week.
*Why Price is Down:*
- Fed hike odds 90% for December, US 10-year yield 5.15%
- Dollar Index 103.41 (19-month high)
- October CPI beat expectations
*Levels for 9AM ET Open:*
- Support: $3,852 (2026 low) / $3,800
- Resistance: $3,923 / $4,000
- 9AM Target Zone: $3,900 - $3,910
*Market Psychology:*
- *Fear Dominant:* Traders fear higher real yields, selling non-yielding gold
- *Capitulation Near:* Many long positions closed Thursday at $3,852 low, sellers exhausted
- *Hope for Bounce:* Oversold feeling, buyers waiting at $3,850 to catch reversal before FOMC Minutes
- *Safe-Haven Fading:* Easing US-Iran tensions reduced fear buying, market now focused on data not geopolitics
#WhoWillSucceedJensenHuangatNvidia? #USPPIMissMayEaseBTCPressure #KavaSaysAbnormalActivityLimitedToKavaLend #WhatWillDriveCryptoandStocks’NextRebound? #GoldenOpportunity
Weekly close near 2026 low $3,852, down -4.56% for the week.
*Why Price is Down:*
- Fed hike odds 90% for December, US 10-year yield 5.15%
- Dollar Index 103.41 (19-month high)
- October CPI beat expectations
*Levels for 9AM ET Open:*
- Support: $3,852 (2026 low) / $3,800
- Resistance: $3,923 / $4,000
- 9AM Target Zone: $3,900 - $3,910
*Market Psychology:*
- *Fear Dominant:* Traders fear higher real yields, selling non-yielding gold
- *Capitulation Near:* Many long positions closed Thursday at $3,852 low, sellers exhausted
- *Hope for Bounce:* Oversold feeling, buyers waiting at $3,850 to catch reversal before FOMC Minutes
- *Safe-Haven Fading:* Easing US-Iran tensions reduced fear buying, market now focused on data not geopolitics
#WhoWillSucceedJensenHuangatNvidia? #USPPIMissMayEaseBTCPressure #KavaSaysAbnormalActivityLimitedToKavaLend #WhatWillDriveCryptoandStocks’NextRebound? #GoldenOpportunity
