Gold Market Update
$XAU surged nearly 5% yesterday, reaching a high of 4308, but the rally is now facing a critical technical barrier. On the daily timeframe, price has reached the MA99, where sellers are stepping in and rejection candles are starting to appear.
📊 Chart Analysis
1Hr Chart : Price seems loosing MA7 and holding above MA25, but momentum is slowing after the sharp rally. RSI is cooling from overbought levels, while MACD is beginning to flatten.
Daily Chart : Price has rallied directly into the MA99 (around 4293) and is showing rejection from this dynamic resistance. RSI is near the overbought zone, increasing the chances of a healthy pullback if buyers fail to reclaim the daily MA99.
🎯 Key Levels to Watch
🔻 If the rejection continues:
4250–4240 → First reaction/support zone
4220 → Next key support
4180 → Major support level
If selling pressure accelerates and 4180 fails to hold, Gold could extend the correction toward the 4100 region or even lower.
•A strong daily close above the MA99 with increasing buying volume would invalidate the bearish setup and could open the door for another leg higher above 4308.
⚠️ Short Trade Plan
✅ Safer entry: Around 4280 after bearish confirmation or rejection.
⛔️ Stop-loss: 4310 (above the recent high/resistance).
⚠️ Before Taking a Short Position
Don't short simply because price is near resistance. Wait for:
✅ A confirmed rejection candle near the MA99/resistance zone.
✅ Rising sell volume.
✅ RSI continuing to decline from overbought levels.
✅ MACD showing sustained bearish momentum or a bearish crossover.
If buyers reclaim MA99 with strong volume, avoid fighting the trend, as the breakout could trigger another impulsive move higher.

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UK media: Warsh sticks to cautious market guidance and may consider a September rate hike if inflation is strong
August 6 — According to the Financial Times, even after sparking a major sell-off in Treasuries by deciding not to disclose too many details about his interest-rate strategy, Federal Reserve Chair Warsh has continued his trademark concise communication style. People close to Warsh said he acknowledged making some mistakes during his first 10 weeks at the helm of the world’s most important central bank, including failing to reinforce his key message on price stability and causing confusion over whether his long-term plans to reform the Fed would affect near-term policy decisions. But they insisted these mistakes were not enough to justify overturning Warsh’s plans to reform the Fed. People familiar with the matter also revealed that if inflation data released in the coming weeks is strong and market expectations for higher borrowing costs rise accordingly, Warsh is prepared to raise interest rates at the September meeting. The people familiar with the matter added that although the Fed chair has raised the possibility of shrinking the central bank’s $6.7 trillion balance sheet to tighten monetary policy, interest rates remain the primary tool for now—and, if necessary, will be used at upcoming meetings. #MoonshotAIPreIPOs开启