Currently moving under dual pressure


First, the clear shift towards monetary tightening by the Federal Reserve and the European Central Bank, and oil prices rising above $110, have re-priced higher interest rates for a longer period
Second, rising U.S. yields reduce the attractiveness of gold
On the other hand, tensions in the Strait of Hormuz still exist but are no longer the dominant factor because the market is now more focused on inflation and interest rates
Also, the temporary weakness of the dollar due to yen movements was not enough to support gold, confirming that the monetary factor is currently dominant
Technically: the price remains within a clear downtrend structure after breaking major equilibrium zones + RSI momentum is around 50 without a clear breakout, reflecting weak momentum and buyers' inability to control
Levels:
4600 – 4570 current support zone being tested + liquidity-taking zone
4658 – 4675 potential resistance with upward extension
4700 higher pivotal resistance, and a key to watch for further gains, even if relatively distant
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PARON
#الذهب Currently moving under dual pressure
First, the clear shift towards monetary tightening by the Federal Reserve and the European Central Bank, and oil prices rising above $110, have re-priced the high interest rates for a longer period
Second, the rise in U.S. yields reduces the attractiveness of gold
On the other hand, tensions in the Strait of Hormuz still exist but are no longer the dominant factor because the market is now more focused on inflation and interest rates
Also, the temporary weakness of the dollar due to yen movements was not enough to support gold, confirming that the monetary factor is currently dominant

Technically: The price remains within a clear downtrend structure after breaking major equilibrium zones + RSI momentum is moving around 50 without a clear breakout, reflecting weak momentum and the buyers' inability to control
Levels:
4600 – 4570 current support zone being tested + liquidity take-profit zone
4658 – 4675 potential resistance with upward extension
4700 a key resistance higher, and a watchpoint for further upside, albeit relatively distant
$XAUUSD
#WCTCTradingKingPK #USSeeksStrategicBitcoinReserve #BitcoinETFOptionLimitQuadruples ##FedHoldsRateButDividesDeepen $XAUUSD $DOGE $TW88
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