Gold is getting hit, but there’s more behind the move than just a normal pullback.
$XAU
is facing a combination of stronger USD, rising Treasury yields, higher oil prices and growing expectations for tighter Fed policy. That mix is putting serious pressure on a non-yielding asset like gold.
Technically, the H4 structure still looks bearish while price remains below the 4,400 resistance area.
The zone I’m watching now is 4,280–4,300.
If that support breaks cleanly, the downside could extend.
But if buyers defend the zone and gold reclaims 4,400 with a trendline breakout, the bearish setup starts losing strength.
For now, I’m not trying to catch the knife.
Let the market show the direction first.
$XAU
is facing a combination of stronger USD, rising Treasury yields, higher oil prices and growing expectations for tighter Fed policy. That mix is putting serious pressure on a non-yielding asset like gold.
Technically, the H4 structure still looks bearish while price remains below the 4,400 resistance area.
The zone I’m watching now is 4,280–4,300.
If that support breaks cleanly, the downside could extend.
But if buyers defend the zone and gold reclaims 4,400 with a trendline breakout, the bearish setup starts losing strength.
For now, I’m not trying to catch the knife.
Let the market show the direction first.
