Key takeaways Medium-term downtrend confirmed: Gold (XAU/USD) broke below the $4,960 key support (50-day MA) with a sharp sell-off, invalidating the prior rally as a “dead cat bounce” and signalling the start of a multi-week bearish phase. Hawkish Fed driving downside pressure: A less dovish Federal Reserve, reduced rate cut expectations, and rising 10-year US […]The post Chart Alert: Gold Medium-Term Downtrend Triggered as $4,960 Support Broke appeared first on ActionForex.