All TP done

Overnight, gold prices tumbled sharply because the US Federal Reserve (Fed) raised interest rates and signaled more hikes to come，which strengthened the dollar and pressured non-yielding bullion. This marked the Fed's first rate hike since 2023.

📉 Key Reasons Behind the Overnight Drop

1. Fed's Rate Hike and Hawkish Stance
The Federal Open Market Committee (FOMC) voted 12-0 to raise the benchmark federal funds rate by 25 basis points to a target range of 3.75%–4.00%. Fed Chair Kevin Warsh emphasized that "inflation is too high, and has been for too long," and the updated "dot plot" showed 16 of 18 officials expect at least one more hike before year-end, signaling a sustained tightening cycle rather than a one-off move.

2. Stronger US Dollar
The dollar rose against the euro after the Fed's announcement, making gold more expensive for overseas buyers. The U.S. dollar index advanced to 100.25, while Treasury yields climbed across the curve (2-year yield to ~4.734%, 10-year yield back to 5.00%).

3. Gold's Lack of Yield Appeal
Gold pays no interest, so when rates rise, yield-bearing assets like bonds become more attractive, reducing demand for the metal.

4. Elevated Inflation Data
Core US inflation rose at a hotter-than-expected pace in August, while factors like Trump's global import tariffs, the energy shock from the US-Israeli war with Iran, and AI-driven capital spending kept prices high, forcing the Fed to act aggressively.

5. Oil Price Retreat and Technical Selling
Brent crude retreated after reports of additional Saudi crude via Oman eased Middle East supply concerns, while technical selling pressure mounted on non-yielding assets immediately after the Fed decision.

📊 Price Levels and Rebound

· Spot Gold: Fell 1.2% to $4,240.10 per ounce at 3:10 p.m. ET, after earlier climbing more than 1% to a session high of $4,365.57.
· US Gold Futures: December delivery settled 1.3% higher at $4,387.50, reflecting the earlier rally before the Fed's decision.
· Rebound: By Thursday morning in Asia, gold clawed back most of the selloff, trading around $4,305 per ounce, up 0.59% on the hour.

In short, the overnight selloff was driven by the Fed's rate hike and hawkish guidance, which boosted the dollar and Treasury yields, making non-yielding gold less attractive in the short term.

Long-term

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@FxRaees_trader786

Feb The golden zone was not broken even overnight. If the market breaks this level, the market can go in the direction of 3500, which is the lower low.

Remember that the channel is not broken.

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High break be careful

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Gold idea 💡

Limit active

Limit active 250 pips running

Long-term looking for something like this This is just an analysis, not my final advice. If anyone takes it, they should definitely check out the things I mentioned in it, SL, etc.

350 pips running