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
Silver forms massive Inverted Head & Sho...
August 13, 2025
Market Insights
US Tech 100 Chart Breakout Pattern Emerg...
March 03, 2025
Market Insights
Crude Oil Analysis
October 11, 2024
Market Insights
US30 Forms Bearish Flag Near Support – W...
April 03, 2025
Market Insights
US Tech 100 Approaches Key Resistance –...
July 15, 2025
Market Insights
Gold price moves away from one-week top...
November 20, 2024
Market Insights
