DeGRAM | GOLD is correcting from the resistance line

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📊 Technical Analysis
● XAU/USD rejected the upper resistance line three times, forming a clear bearish reaction near 4250. Price is losing momentum and sliding back toward the mid-range support after failing to sustain highs.
● Repeated consolidations along the rising support line show weakening bullish pressure, increasing the probability of a corrective drop toward 4150–4100.

💡 Fundamental Analysis
● Gold softens as U.S. yields rebound and Fed officials signal that policy easing is not imminent, limiting upside appetite.

✨ Summary
● Bearish bias below 4250. Targets: 4150 → 4100. Resistance: 4250. Support: 4150 / 4100.

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📊 Technical Analysis
● XAU/USD is repeatedly rejecting the descending resistance line, while intraday lower highs reinforce short-term bearish structure.
● Price failed to hold above 4,186 support and is now gravitating toward the rising trendline, with a likely breakdown toward 4,166 once momentum accelerates.

💡 Fundamental Analysis
● Gold is pressured as U.S. labor data strengthens expectations of delayed Fed easing, boosting Treasury yields and limiting safe-haven demand.

✨ Summary
● Bearish below 4,186. Targets: 4,166 → 4,149. Resistance: 4,215.

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Share your opinion in the comments and support the idea with a like. Thanks for your support!