đ XAU/USD GOLD MARKET UPDATE
Gold rebounds toward the $4,400 area as easing oil prices reduce inflation concerns.
Spot gold climbed around 1.2% to $4,390.11/oz on Friday, reaching a one-week high. Lower crude oil prices helped ease inflation fears, while traders continued to assess the impact of the Federal Reserveâs recent rate hike.
đ Key Levels:
âą Resistance: $4,400â$4,440
âą Recent Spot Price: ~$4,390
âą Key Driver: Oil prices + US interest rates + USD
The next major move in XAU/USD may depend on US yields, the dollar and upcoming Fed signals.
â ïž Market news only â not fina
#XAU #NewsAboutCrypto #SmartTradingStrategies
