Core Fundamental Drivers

• Fed Rate Hike Digested: Following the Federal Reserve's 25 bps interest rate increase, gold initially faced selling pressure. However, as traders shifted focus to long-term economic growth and inflation expectations, non-yielding bullion recovered ground.

• Softening Oil & Dollar Pressures: A retreat in crude oil prices—with Brent crude pulling back under $104 per barrel—eased immediate inflation concerns and capped the U.S. Dollar’s recent rally.

• Geopolitical Safe-Haven Demand: Persistent geopolitical friction in the Middle East continues to provide structural underlying demand, capping sharp downside risk.

Key Technical Levels

• Overhead Resistance: $4,390–$4,400 (Primary supply zone / 1H Order Block). A decisive break above $4,400 points toward $4,442.

• Immediate Support: $4,320–$4,330 (Flipped Breaker Block / Market Structure Shift).

• Downside Invalidation: $4,250 (Key demand zone).

Conclusion While macroeconomic headwinds remain active due to tight central bank policies, Gold's resilience around key structural levels highlights ongoing buyer demand. Traders should wait for clear price acceptance above or below these key zones before executing new positions.

Disclaimer: This analysis is provided for educational and informational purposes only and does not constitute financial advice.