XAUUSD
Fundamental: Gold prices eased as investors stayed cautious amid ongoing Middle East tensions and inflation concerns.
Uncertainty around the US-Iran conflict kept safe-haven demand active, but a stronger US dollar limited gains in bullion.
Rising oil prices fueled fears of prolonged inflation, reducing expectations for early Federal Reserve rate cuts.
Markets are now closely watching upcoming US economic data and Fed signals for gold’s next direction.
XAU/USD TECHNICAL ANALYSIS
Gold Technical Structure: Tweezer Top on Daily, Trading Below 20SMA on Daily, Consolidation on 4H, Bearish Flag on 1H
Weekly Trend: Bearish
Intraday Trend/ Intraday Strategy: Bearish/Sell on Resistance, Sell on Support Breakdown
Major Support: 4500, 4450, 4420
Major Resistance: 4590, 4620, 4640
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farah khan
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