Gold Holds Losses Near $4,000 After Hot US Inflation and Fed Remarks

Hot US inflation and hawkish Fed statements are putting pressure on gold; GLD is trying to hold around $4,000 after a 2.5% drop in the last 24 hours. With RSI at 43, it is in neutral-weak territory and MACD is negative below the signal line, indicating that short-term momentum is downward. However, since the price is well above SMA20 and SMA50, the medium-term trend remains strong and sharp sell-offs may be limited. If the $4,000 psychological support breaks, the downward move could accelerate; if it holds, rebound buying may be seen. Therefore, a slightly downward-biased but cautious outlook is appropriate for 1-3 days.

Hot US inflation and Fed remarks are putting pressure on gold; tightening expectations are limiting the precious metal. The price is trading at 37.45, below the SMA20 (37.59) and SMA50 (38.78), with a weak short-term trend. RSI at 46 is in neutral territory with no oversold signal; MACD is negative and very close to the signal line, leaving momentum uncertain. The 24-hour decline of -1.87% confirms short-term seller pressure. The bias for 1-3 days is slightly downward, but confidence is kept low due to the risk of a support reaction around $4,000.

Hot US inflation signals that the Fed may delay interest rate cuts, which is supportive of bond yields and the dollar. DXY is already above its 20- and 50-day moving averages, and with an RSI of 64, it indicates positive momentum. MACD is above the signal line, but the gap is quite narrow, suggesting the uptrend is strong but fragile. Gold holding its losses near $4,000 is consistent with a strong dollar. In the short term, I expect a slight upward bias for DXY, but much of the inflation data may already be priced in; therefore, I maintain moderate confidence.