$XAU
🟥 Urgent | Gold collapses strongly! 📉🔥
💥 Gold is taking a heavy hit today, falling by more than 2% to retreat to levels near $4,360 per ounce, recording its lowest level in about two weeks.
⚠️ What’s happening?
🔺 Higher yields on US and global bonds.
🔺 A stronger US dollar is pressuring the yellow metal.
🔺 A return of expectations for a US rate hike in September.
🔺 Tough remarks from the Fed Chair, Kevin Worsh, have led to repricing of interest-rate expectations.
🔺 Breaking below the 200-day average near $4,528 increased technical selling.
📉 Gold is now facing a real test...
📊 If the pressure continues and current support levels are broken, we could see a deeper selloff wave, while reclaiming the $4,400–$4,450 levels may give buyers a chance to catch their breath.
$XAUT
$XAG
🟥 Urgent | Gold collapses strongly! 📉🔥
💥 Gold is taking a heavy hit today, falling by more than 2% to retreat to levels near $4,360 per ounce, recording its lowest level in about two weeks.
⚠️ What’s happening?
🔺 Higher yields on US and global bonds.
🔺 A stronger US dollar is pressuring the yellow metal.
🔺 A return of expectations for a US rate hike in September.
🔺 Tough remarks from the Fed Chair, Kevin Worsh, have led to repricing of interest-rate expectations.
🔺 Breaking below the 200-day average near $4,528 increased technical selling.
📉 Gold is now facing a real test...
📊 If the pressure continues and current support levels are broken, we could see a deeper selloff wave, while reclaiming the $4,400–$4,450 levels may give buyers a chance to catch their breath.
$XAUT
$XAG
