Gold Targets 4,250 as Selling Pressure IntensifiesGoldOANDA:XAUUSDMian-FXSignals📊 Market Overview: XAU/USD is facing strong selling pressure after falling sharply from the 4,450 area. The US dollar has strengthened to near a two-week high, while the US 10-year Treasury yield has risen to around 4.81%, making gold — a non-yielding asset — less attractive. In addition, US-Iran tensions have pushed oil prices higher, increasing inflation concerns and strengthening expectations that the Fed could raise interest rates in September. The market currently prices in around a 68% probability of a 25-basis-point Fed rate hike. 📉 Technical Analysis: Key Resistance: 4,320–4,335 | 4,350–4,375 Nearest Support: 4,285–4,275 | 4,250–4,235 EMA 09: Price is trading below the EMA 09 on H1, indicating a bearish short-term trend. Candlestick / Momentum: After a series of strong bearish candles, gold has formed large bearish candles and continues to create lower highs and lower lows. The break below 4,300 indicates that selling momentum remains dominant. However, the 4,275–4,285 area could trigger a technical rebound as the price has declined rapidly. OANDA also reported a long bearish candle on September 1, with gold trading around the 4,300 area. 📌 Outlook: Gold could continue declining in the short term if it fails to reclaim the 4,320–4,335 area. If 4,275 is broken, selling pressure could extend toward 4,250–4,235, and potentially 4,200 if the US dollar and Treasury yields continue to rise. Conversely, an H1 close back above 4,335 would ease bearish pressure and open the way for a recovery toward 4,350–4,375. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD at: 4,332–4,335 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 4,340 🔺 BUY XAU/USD at: 4,278–4,275 🎯 TP: 40 / 80 / 200 / 300 pips ❌ SL: 4,270