Gold came under heavy selling pressure after investors reassessed the Federal Reserve outlook. While rates were left unchanged, the updated projections suggested that policymakers remain concerned about inflation, strengthening the US Dollar and supporting higher Treasury yields.
At the same time, easing geopolitical tensions reduced demand for traditional safe-haven assets, adding another layer of pressure on precious metals.
From a market perspective, the recent bounce failed to attract enough follow-through buying, leaving sellers firmly in control below the key resistance area.
Trade Setup:
Sell Zone: $4,250 – $4,300
Stop Loss: $4,350
Take Profit 1: $4,100
Take Profit 2: $4,050
Take Profit 3: $4,000
As long as gold remains below the $4,270–4,330 region, rallies may continue to be viewed as selling opportunities.
At the same time, easing geopolitical tensions reduced demand for traditional safe-haven assets, adding another layer of pressure on precious metals.
From a market perspective, the recent bounce failed to attract enough follow-through buying, leaving sellers firmly in control below the key resistance area.
Trade Setup:
Sell Zone: $4,250 – $4,300
Stop Loss: $4,350
Take Profit 1: $4,100
Take Profit 2: $4,050
Take Profit 3: $4,000
As long as gold remains below the $4,270–4,330 region, rallies may continue to be viewed as selling opportunities.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
