🔥 $XAU — gold still looks weak here, so I’m only interested in short-term trades.
Spot gold is trading around $4,288–$4,290 today after dropping as low as roughly $4,264, while the broader backdrop remains pressured by higher Treasury yields, a stronger dollar, and rising expectations for more Fed tightening.
Yesterday’s $4,350 area failed to hold, and price quickly slipped back below it.
💥My current setup:
Below $4,350 = bearish bias
Watch $4,280 → $4,260 as the next support zone
Reclaim $4,320–$4,350 = short-term bearish thesis weakens
I already took a small short with the trend, but this is not the kind of market where I’d overstay.
$XAU is still tradable — just not clean enough for a big swing position yet. 👀
#CFTCUpdatesGuidanceOnTokenizedAssets #BitgetSays$352MAffectedInHack #BinanceWillListHyperliquid(HYPE) #FedProposesRulesForBankIssuedStablecoins #FedOctoberRateHikeOddsRiseTo69.7%
Spot gold is trading around $4,288–$4,290 today after dropping as low as roughly $4,264, while the broader backdrop remains pressured by higher Treasury yields, a stronger dollar, and rising expectations for more Fed tightening.
Yesterday’s $4,350 area failed to hold, and price quickly slipped back below it.
💥My current setup:
Below $4,350 = bearish bias
Watch $4,280 → $4,260 as the next support zone
Reclaim $4,320–$4,350 = short-term bearish thesis weakens
I already took a small short with the trend, but this is not the kind of market where I’d overstay.
$XAU is still tradable — just not clean enough for a big swing position yet. 👀
#CFTCUpdatesGuidanceOnTokenizedAssets #BitgetSays$352MAffectedInHack #BinanceWillListHyperliquid(HYPE) #FedProposesRulesForBankIssuedStablecoins #FedOctoberRateHikeOddsRiseTo69.7%
