🚨 *XAUUSD FUNDAMENTAL OUTLOOK*
Gold is receiving *mixed signals*, with both bullish and bearish factors influencing price action.
🟢 *Bullish Factors:*
* Rising *Middle East geopolitical tensions* continue to support safe-haven demand.
* Gold remains well-supported above the *$4,100 psychological level*.
🔴 *Bearish Factors:*
* The latest *Fed Meeting Minutes* reinforced concerns about persistent inflation.
* Markets have increased expectations of a *September Fed rate hike*, supporting the U.S. Dollar and limiting Gold's upside.
* HSBC has lowered its *2026 average Gold price forecast*, adding to cautious sentiment.
📊 *Overall View:*
Gold is likely to remain *range-bound* in the short term. While geopolitical risks provide downside support, a stronger U.S. Dollar and higher rate expectations may cap rallies.
*Key Levels:*
* 🟢 Support: *$4,100*
* 🔴 Resistance: *$4,128*
* *Bias:* Buy on dips above support, but expect volatility until a clear breakout occurs.
farah khan
