đȘ Gold Holds Firm Near $4,400 â Here's What I'm Watching
Gold is steady around $4,400, caught between Fed caution and a softer dollar. The July FOMC minutes showed division â 3 members wanted an immediate hike â but cooling inflation (3.7% PCE) is buying time.
â What's supporting gold:$
âą Weaker U.S. dollar
âą Easing Treasury yields
âą Middle East geopolitical risk
âą $3B+ inflows into gold ETFs in July
đ Key levels:
âą Resistance: $4,430 â $4,500
âą Support: $4,360 â $4,300
Next big catalyst: September 15â16 FOMC. For now, dips are getting bought â but watch inflation data closely.
Honest analysis from a trader's perspective. đ
#Gold #XAUUSD #Commodities #Fed #FOMC #Inflation #Dollar #TechnicalAnalysis #Trading #NewsTrader #MarketAnalysis #SafeHaven #USEconomy #centralbank #GoldPrice
Gold is steady around $4,400, caught between Fed caution and a softer dollar. The July FOMC minutes showed division â 3 members wanted an immediate hike â but cooling inflation (3.7% PCE) is buying time.
â What's supporting gold:$
âą Weaker U.S. dollar
âą Easing Treasury yields
âą Middle East geopolitical risk
âą $3B+ inflows into gold ETFs in July
đ Key levels:
âą Resistance: $4,430 â $4,500
âą Support: $4,360 â $4,300
Next big catalyst: September 15â16 FOMC. For now, dips are getting bought â but watch inflation data closely.
Honest analysis from a trader's perspective. đ
#Gold #XAUUSD #Commodities #Fed #FOMC #Inflation #Dollar #TechnicalAnalysis #Trading #NewsTrader #MarketAnalysis #SafeHaven #USEconomy #centralbank #GoldPrice
