$XAU
USDT is trading around $4,361.57, down -0.33% today from the 00:00 UTC reference point.
Its latest 24-hour range is $4,345.00 to $4,388.25, showing a relatively contained but active session.
The contract is also down -5.51% over 30 days, despite being slightly higher by +0.56% over 7 days.
The main short-term pressure is the market’s focus on tighter US monetary policy after the Federal Reserve’s recent rate increase.
Higher interest rates and Treasury yields can weigh on gold because it does not generate yield.
Reports from Trading Economics and Kitco also showed gold trading near the $4,360–$4,370 area on September 21.
A stronger US dollar is another headwind, as it can make dollar-priced gold less attractive for overseas buyers.
At the same time, geopolitical uncertainty and safe-haven demand continue to provide support to the gold market.
On Binance Futures, the latest funding rate is +0.0063%, meaning long positions are currently paying shorts.
Open interest fell -2.05% in the latest hour, which may indicate some recent position reduction.
Long positioning remains elevated: 76.5% of all accounts and 70.9% of top-trader position value are long.
The near-term direction may remain sensitive to Fed remarks, US yields, the dollar, and geopolitical headlines. (tradingeconomics.com)
#XAU #XAUUSD #XAU/USD #XAUUSD❤️
USDT is trading around $4,361.57, down -0.33% today from the 00:00 UTC reference point.
Its latest 24-hour range is $4,345.00 to $4,388.25, showing a relatively contained but active session.
The contract is also down -5.51% over 30 days, despite being slightly higher by +0.56% over 7 days.
The main short-term pressure is the market’s focus on tighter US monetary policy after the Federal Reserve’s recent rate increase.
Higher interest rates and Treasury yields can weigh on gold because it does not generate yield.
Reports from Trading Economics and Kitco also showed gold trading near the $4,360–$4,370 area on September 21.
A stronger US dollar is another headwind, as it can make dollar-priced gold less attractive for overseas buyers.
At the same time, geopolitical uncertainty and safe-haven demand continue to provide support to the gold market.
On Binance Futures, the latest funding rate is +0.0063%, meaning long positions are currently paying shorts.
Open interest fell -2.05% in the latest hour, which may indicate some recent position reduction.
Long positioning remains elevated: 76.5% of all accounts and 70.9% of top-trader position value are long.
The near-term direction may remain sensitive to Fed remarks, US yields, the dollar, and geopolitical headlines. (tradingeconomics.com)
#XAU #XAUUSD #XAU/USD #XAUUSD❤️