๐ก $XAU | GOLD WATCH ๐
Gold is showing a high-volatility setup after the recent pullback. $XAU /USD dropped toward the $4,260 area before attempting a recovery, while a stronger USD and rising Treasury yields continue to pressure the metal.
๐ Key Levels
โข ๐ข Support: $4,260โ$4,275
โข ๐ Pivot: $4,300
โข ๐ด Resistance: $4,315โ$4,350
โข ๐ A sustained move above $4,350 could improve bullish momentum
โข โ ๏ธ Losing $4,260 could open the door to further downside
๐ฅ Trading View:
XAU remains sensitive to USD strength, Treasury yields and expectations around the Federal Reserve. With the Fed decision approaching, volatility could remain elevated.
Watch the reaction around $4,260โ$4,300 before taking a directional trade.
๐ Not financial advice. Trade with proper risk management.
#XAU #GoldTrading #FedRateWatch #BinanceSquareFamily #crypto
Gold is showing a high-volatility setup after the recent pullback. $XAU /USD dropped toward the $4,260 area before attempting a recovery, while a stronger USD and rising Treasury yields continue to pressure the metal.
๐ Key Levels
โข ๐ข Support: $4,260โ$4,275
โข ๐ Pivot: $4,300
โข ๐ด Resistance: $4,315โ$4,350
โข ๐ A sustained move above $4,350 could improve bullish momentum
โข โ ๏ธ Losing $4,260 could open the door to further downside
๐ฅ Trading View:
XAU remains sensitive to USD strength, Treasury yields and expectations around the Federal Reserve. With the Fed decision approaching, volatility could remain elevated.
Watch the reaction around $4,260โ$4,300 before taking a directional trade.
๐ Not financial advice. Trade with proper risk management.
#XAU #GoldTrading #FedRateWatch #BinanceSquareFamily #crypto