$XAUT 10.27 Gold outlook
The chart shows the bearish structure continuing, with prices remaining below the Bollinger midline. The medium-term downtrend is unchanged, overhead moving averages are clearly acting as resistance, and each rebound is likely to encounter selling pressure
Until 4050 is breached, the strategy remains unchanged: prioritize short positions at higher levels. Focus on the Fed rate decision and remarks at the subsequent press conference; the direction of rate expectations remains the key driver of gold prices
Trading reference: Short in the 4030-4045 range, with targets at