🚨 Gold plunges $100 in one day! Is the decline over? 👀
From $4,167 to $4,066 🔻
👀 Watch the dollar + oil + bond yields… a drop in these could fuel a gold rebound.
Despite weak jobs data and lower expectations of a rate hike, 4 factors put pressure on gold:
💵 Dollar strength above 102
🇺🇸 Rising bond yields
🛢️ Oil at $102
🏦 Fears the Fed will continue tightening
🎯 Key levels:
🔹 $4,000 major support
🔹 $3,940–$3,960 next support
🔸 $4,230 first sign of improvement
🚀 $4,400 stronger confirmation of the uptrend
📅 The key event ahead: CPI data.
Will $4,000 be the bottom, or will we see $3,940 first? 👇
#Gold #XAUUSD #BinanceSquare #Trading #cpi $XAUT
From $4,167 to $4,066 🔻
👀 Watch the dollar + oil + bond yields… a drop in these could fuel a gold rebound.
Despite weak jobs data and lower expectations of a rate hike, 4 factors put pressure on gold:
💵 Dollar strength above 102
🇺🇸 Rising bond yields
🛢️ Oil at $102
🏦 Fears the Fed will continue tightening
🎯 Key levels:
🔹 $4,000 major support
🔹 $3,940–$3,960 next support
🔸 $4,230 first sign of improvement
🚀 $4,400 stronger confirmation of the uptrend
📅 The key event ahead: CPI data.
Will $4,000 be the bottom, or will we see $3,940 first? 👇
#Gold #XAUUSD #BinanceSquare #Trading #cpi $XAUT
