๐ค๐ค๐ค๐ค๐ XAU/USDT (Gold) โ Latest Market Snapshot & Analysis๐ค๐ค๐ค๐ค
Current trend โ XAU/USD (proxy for XAU/USDT) recently climbed above the $4,200/oz mark after the Federal Reserveโs (Fed) interest-rate cut, pushing gold up to โ $4,235 in early Asian session trading.
Technicals โ On the 1-hour chart, moving-average indicators remain strongly bullish (~89% of signals positive). On daily chart, shorter SMAs sit above longer-term ones, indicating an ongoing upward bias; RSI sits at a moderate level (not yet overbought).
Support & resistance โ Key support zones lie near $4,133โ$4,150. On the upside, $4,264โ$4,300 and even $4,381 remain target zones if bulls maintain momentum.
Catalysts โ The recent rally is driven by the Fedโs dovish rate cut. Continued soft U.S. data + expectations of future policy easing support goldโs appeal as a hedge.
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