📊 Gold (XAU) Trade Insight – Today’s Move Explained

Gold just printed a sharp rejection after testing new highs. Today’s pressure on XAU comes from a stronger U.S. dollar and profit-taking, as traders reassess the pace of Fed rate cuts. Higher yields are weighing on gold short term, but the bigger trend stays bullish thanks to central-bank buying, geopolitical risk, and long-term inflation hedging.

Technical view:

After an impulsive rally, XAU is cooling into a healthy pullback. As long as price holds above the previous breakout zone, dips may attract buyers. A deeper correction would still be constructive within the broader uptrend.

Bias: Short-term volatile ⏳ | Medium-to-long term bullish 🟡

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XAUUSDT

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