Hello everyone, gold is going through one of its sharpest declines since the beginning of the month, with price falling toward the $4,090/oz area. On the H4 timeframe, the bearish structure remains very clear as price continues to form lower lows while trading well below both the EMA34 and EMA89.
What stands out is that selling pressure is no longer appearing in short, isolated waves. Instead, it is developing into continuous sell-off behavior. Each time price attempts to recover, the bounce is quickly absorbed, showing that sellers remain firmly in control of the market.
From a fundamental perspective, the U.S. dollar continues to receive support from positive U.S. economic data, while expectations that the Fed may keep interest rates higher for longer are still placing heavy pressure on gold. In addition, investors are staying cautious ahead of the U.S. CPI report, meaning capital is not yet ready to rotate back into non-yielding assets.
In the short term, the $4,150–$4,200 area will be the nearest resistance zone to watch.
If gold rebounds into this zone but shows signs of bullish rejection, selling pressure could continue to drag price back toward $4,000, or even lower.
What stands out is that selling pressure is no longer appearing in short, isolated waves. Instead, it is developing into continuous sell-off behavior. Each time price attempts to recover, the bounce is quickly absorbed, showing that sellers remain firmly in control of the market.
From a fundamental perspective, the U.S. dollar continues to receive support from positive U.S. economic data, while expectations that the Fed may keep interest rates higher for longer are still placing heavy pressure on gold. In addition, investors are staying cautious ahead of the U.S. CPI report, meaning capital is not yet ready to rotate back into non-yielding assets.
In the short term, the $4,150–$4,200 area will be the nearest resistance zone to watch.
If gold rebounds into this zone but shows signs of bullish rejection, selling pressure could continue to drag price back toward $4,000, or even lower.
Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
Join now: t.me/+dfxDTk_DRtg4Mzll
Join now: t.me/+dfxDTk_DRtg4Mzll
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.
Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
Join now: t.me/+dfxDTk_DRtg4Mzll
Join now: t.me/+dfxDTk_DRtg4Mzll
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.