Gold (XAU)
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XAUUSD 1-Hour Technical & Fundamental Analysis

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XAUUSD 1-Hour Technical & Fundamental Analysis

Gold prices have shown clear signs of exhaustion around the $3,370 level, suggesting a potential slowdown in bullish momentum. This aligns with the improving global economic outlook, which is reducing investor demand for safe-haven assets like gold, resulting in a notable pullback in price.

On the 1-hour chart, we identified a well-formed Head & Shoulders pattern, signaling a potential trend reversal. The major key support at $3,280 has been tested multiple times, establishing its strength. Price recently broke below this level, confirming bearish intent and opening the door for potential further downside movement.

On the 15-minute timeframe, signs of accumulation appeared, followed by a retest of the previous major support (now resistance). This behavior suggests a possible liquidity hunt, where institutional players may manipulate price to trigger stop-losses before placing large sell orders.


📉 Bearish Fundamentals for Gold
Market Exhaustion:
Gold is losing bullish strength around ₹98,000 ($3,370), as improved economic conditions make investors less risk-averse, reducing gold’s appeal.

Federal Reserve's Hawkish Tone:
The Fed plans only two rate cuts in 2025, a more cautious stance than expected. This boosts the U.S. dollar’s strength, adding pressure on gold prices.

💵 Bullish News for the U.S. Dollar
Fed's Rate Policy:
The Fed's less aggressive rate-cut path strengthens the USD, making it more attractive to global investors.

U.S. Economic Resilience:
Solid U.S. data and reduced recession fears continue to fuel dollar demand, giving it an edge over gold as a safe haven.

📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.

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