10.20 Little Yellow Croaker Outlook
Gold moved lower as expected yesterday, with insufficient rebound momentum. The key driver: pressure from interest rates outweighed geopolitical safe-haven demand. U.S. inflation remains sticky, and expectations that the Federal Reserve will keep rates high for longer continue to build. The U.S. dollar and Treasury yields remain relatively strong, weighing on gold.
On the 1-hour chart, the previous high of 4198 formed a near-term top. After climbing, prices continued to retreat and are now consolidating at lower levels following the decline. There is no clear sign of a bottom or reversal yet, and the bearish structure remains intact. Any short-term rebound is likely to face pressure, so consider selling short in line with the trend.
Trading suggestion: Sell short at 4160–4180; stop-loss above 4190; targets at 4120–4100.
(These are personal suggestions for reference only. Actual trading conditions should prevail.)#XAU $XAU
Gold moved lower as expected yesterday, with insufficient rebound momentum. The key driver: pressure from interest rates outweighed geopolitical safe-haven demand. U.S. inflation remains sticky, and expectations that the Federal Reserve will keep rates high for longer continue to build. The U.S. dollar and Treasury yields remain relatively strong, weighing on gold.
On the 1-hour chart, the previous high of 4198 formed a near-term top. After climbing, prices continued to retreat and are now consolidating at lower levels following the decline. There is no clear sign of a bottom or reversal yet, and the bearish structure remains intact. Any short-term rebound is likely to face pressure, so consider selling short in line with the trend.
Trading suggestion: Sell short at 4160–4180; stop-loss above 4190; targets at 4120–4100.
(These are personal suggestions for reference only. Actual trading conditions should prevail.)#XAU $XAU
