Short gold at the current price of 4133, as technical and fundamental factors converge to exert pressure. The Fed’s September minutes showed growing concerns among officials about persistent inflation, boosting expectations of a rate hike in December. The U.S. dollar and Treasury yields have both strengthened, continuing to weigh on the valuation of non-yielding assets. Technically, gold rebounded intraday to above 4130 before falling back again. It remains capped below the 100-day moving average at 4267, while the MACD is below the zero line and the bearish structure remains intact. After briefly reclaiming 4100 and then losing it again, that level has become short-term resistance. Short around 4133, with a stop-loss at 4148. Target 4100, with a break below potentially extending the decline toward 4060. #XAU