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7.9$XAU
Fed hawkish sell-off! Gold bears fully erupt, short on any bounce
The Fed's June meeting minutes released yesterday morning were the direct catalyst for this sharp drop in gold. After the news was out, the US dollar index and US Treasury yields both rose, putting pressure on gold as it weakened all the way.$LAB
The 4-hour level has fully entered a bearish channel, with prices constantly suppressed by short-term moving averages. Every time it tries to pop up, selling pressure pushes it back down, with lows getting lower and lower. The Bollinger Bands are opening and diverging downward—the downtrend is set in stone.
Short near 4080-4100, targets 4040, 4000
#特朗普宣布美伊停火结束