Gold Faces Strong Headwinds: USD Strength & Fed Rate Outlook Weigh In 🌍💰
Key Factors Affecting Gold 📉💵
- Stronger U.S. Dollar: Higher dollar value reduces gold’s appeal as it becomes more expensive for international buyers.
- Fed's Hawkish Stance: Powell signals no immediate rate cuts, keeping rates elevated and making gold less attractive.
Technical Levels to Watch 🔍📊
- Resistance: $2,709 – Key barrier to any upside.
- 200 EMA: $2,636 – Bearish trend confirmed below this level.
- Support: $2,535 – Crucial level; break below could trigger more selling
Recent News
Dow Jones Forms Double-Top Pattern, Risk...
October 01, 2025
Market Insights
Nasdaq 100 Approaching Key Support Zone...
March 13, 2025
Market Insights
Dow Jones (DJ30) Holds Above 46,400 Eyes...
September 29, 2025
Market Insights
DAX faces snap election as Scholz's coal...
November 07, 2024
Market Insights
Dow Jones Extends Gains Within Uptrend C...
October 06, 2025
Market Insights
NASDAQ 100 Under Pressure Key Support Le...
May 19, 2025
Market Insights
