/ $XAUT #XAUUSDT Update: Gold Drops on Hot CPI
Gold fell sharply on Nov 10 after US CPI came in hotter than expected (0.4% MoM vs 0.3% forecast). The 10-year Treasury yield jumped to around 5% and the dollar strengthened, hurting non-yielding assets like gold. Silver dropped even harder.
📉 Nov 10: Down more than $100. Nov 11: trading around $4,030–$4,055
⚠️ Short-term: Bearish pressure while yields and the dollar stay strong (US bond market closed Nov 11 for Veterans Day)
🔍 Watch: Support near $4,025–$4,036. A break lower could open the way to the next support zone, while a bounce would face resistance near $4,145.
Volatility is high and XAUUSDT can move fast, so manage your risk and check the funding rate before holding overnight.
Not financial advice. DYOR.
#Gold #XAU #XAUUSDT #GoldPrice #Binance #CPI
Gold fell sharply on Nov 10 after US CPI came in hotter than expected (0.4% MoM vs 0.3% forecast). The 10-year Treasury yield jumped to around 5% and the dollar strengthened, hurting non-yielding assets like gold. Silver dropped even harder.
📉 Nov 10: Down more than $100. Nov 11: trading around $4,030–$4,055
⚠️ Short-term: Bearish pressure while yields and the dollar stay strong (US bond market closed Nov 11 for Veterans Day)
🔍 Watch: Support near $4,025–$4,036. A break lower could open the way to the next support zone, while a bounce would face resistance near $4,145.
Volatility is high and XAUUSDT can move fast, so manage your risk and check the funding rate before holding overnight.
Not financial advice. DYOR.
#Gold #XAU #XAUUSDT #GoldPrice #Binance #CPI