XAUUSD ANALYSIS
Fundamental: Gold prices are under pressure mainly due to a stronger US dollar and persistent inflation concerns, which reduce its appeal.
The market is currently range-bound and volatile, with no clear bullish or bearish trend dominating.
Investors are booking profits at higher levels, suggesting momentum may be slowing despite earlier gains.
Overall, gold remains supported by safe-haven demand and geopolitical risks, but needs a strong catalyst for the next move.
XAU/USD TECHNICAL ANALYSIS
Gold Technical Structure: Consolidation on Daily, Trading Above 20SMA on Daily, Head & Shoulders on 4H, Bearish Flag on 1H
Weekly Trend: Neutral
Intraday Trend/ Intraday Strategy: Bearish/Sell on Support Breakdown, Sell on Resistance
Major Support: 4770, 4730, 4700
Major Resistance: 4830, 4880, 4930
#XAU/USD# #Fed# #FOLLOWMEGuideBook# #COPYTRADE#
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