#GoldFallsBelow$4000ForFirstTimeSinceJuly
GOLD FALLS BELOW $4000 FOR FIRST TIME SINCE LATE JULY
Gold slipped to $3,986 intraday before rebounding to $4,027 — down 28% from $5,500 January high.
Why? Rotation into Treasuries (10Y at 4.937%), strong dollar, tech selloff & margin calls. Brent $110-$113 fueling Fed hawkish bets (Oct 27-28 meeting).
Next support to watch: $3,900
Bearish short-term, but central Banks are still buying.
#Gold #XAU #Markets #BinanceSquare #GoldFallsBelow4000ForFirstTimeSinceJuly
$GOLD.US
$XAU
$DXYZ.US
GOLD FALLS BELOW $4000 FOR FIRST TIME SINCE LATE JULY
Gold slipped to $3,986 intraday before rebounding to $4,027 — down 28% from $5,500 January high.
Why? Rotation into Treasuries (10Y at 4.937%), strong dollar, tech selloff & margin calls. Brent $110-$113 fueling Fed hawkish bets (Oct 27-28 meeting).
Next support to watch: $3,900
Bearish short-term, but central Banks are still buying.
#Gold #XAU #Markets #BinanceSquare #GoldFallsBelow4000ForFirstTimeSinceJuly
$GOLD.US
$XAU
$DXYZ.US