Post #4135

🔻Gold (XAU/USD) – H2 Bearish Scenario in Play🔻 📉Technical Outlook: Gold has broken below the mid-range consolidation zone (around $3,340) after multiple failed attempts to reclaim the descending trendline. Current structure favors continued bearish momentum as sellers gain control, with the next key demand zone sitting near $3,280 – $3,290. A sustained close below $3,330 strengthens the probability of further downside 🌍Fundamental Drivers: • Stronger USD: Recent hawkish comments from the Fed and stable U.S. macro data (retail sales & labor market resilience) are supporting the dollar, pressuring gold lower. • Bond Yields Rising: U.S. Treasury yields continue to climb, reducing gold’s appeal as a non-yielding asset. • Reduced Safe-Haven Demand: With geopolitical tensions easing and equity markets stabilizing, capital is rotating away from gold into risk assets ⚠️Bearish Bias: As long as price remains below $3,350 resistance, the path of least resistance is downward, targeting $3,280 in the near term