Technical My Tips

🅰🔠🔡🆎 ➡🥇➡ Gold remains under pressure as $4,080 caps recovery. Buy or sell? XAUUSD is trading around $4,060–$4,070 after three days of declines. The key $4,080 level has become the nearest resistance after the price failed to hold above it. Our analysts outlined the key gold trading scenarios 💙 🪙 Key takeaways

• Events. Gold remains below $4,080, keeping the short-term chart structure weak 🥇 The nearest downside reference is $4,020, where XAUUSD previously attempted to rebound. If pressure extends, $4,000 becomes the next psychological level to watch. • Background. The main catalyst is the June FOMC minutes. Federal Reserve (Fed) officials were divided on rates, with some considering a hike and several supporting further tightening if inflation stays high. Oil, inflation concerns, and dollar strength add pressure, while Middle East tensions provide some safe-haven support. • Possible outcome. Expectations of a September rate hike continue to weigh on non-yielding gold. If the Fed stays pro-hike and the dollar holds firm, XAUUSD could struggle to regain momentum unless it moves decisively back above $4,080.

🪙 Tip for traders The sell scenario remains the priority as long as gold trades below $4,080, with $4,020 and $4,000 as near-term levels. XAU might keep falling towards $3,854 and $3,700 if the Fed policy, rising oil prices, and dollar strength persist. Upside becomes relevant only after a hold above $4,080, opening the way towards $4,200 and $4,450. Sign Up Now 💥 https://bit.ly/attocta