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
XAU1.24%
LAB-58.67%
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TheSolitaryRockBehindThe
· 3h ago
The Fed minutes are indeed hawkish, but the news of Trump's ceasefire ending has brought geopolitical risks back up. Gold may not smoothly fall to 4,000, so short positions must keep a close eye on stop-losses.
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GlowingHotAirBalloon
· 3h ago
Geopolitical + macro double whammy, gold's volatility maxed out recently. In such conditions, use light positions to test; heavy positions risk getting slapped on both sides.
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LeverageLatte
· 4h ago
Short at 4080-4100, target 4040, the range is quite precise, but I see the lower BOLL band hasn't tightened yet, the acceleration phase may not be over, if you dare to hold, the risk-reward ratio is decent.
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