Gold falls 3% on hawkish signals from the Fed.XAUUSDTPERP PERPETUAL MIX CONTRACTBITGET:XAUUSDT.PduydaocoinGold prices fell to the $4,454–$4,456 range, breaching several key support levels. ✅ Primary reasons for the decline in gold prices: + Fed interest rate signals: Hawkish remarks regarding potential rate hikes from the Federal Reserve (Fed) Chair shifted monetary policy expectations. + Rising US dollar and yields: A shift in interest rate expectations drove up the US dollar and US government bond yields, exerting direct pressure on the precious metal. + Stable employment data: US employment figures were not as weak as the market had previously feared, reducing demand for safe-haven assets. ✅ Trading Outlook: +Immediate resistance zone: $4,525 – $4,530 +Psychological resistance zone: $4,575 – $4,600 +Strong support zone: $4,250 – $4,300; during this correction, it is unlikely that gold will drop below $4,250/ounce before entering the year-end rally. ✅ Bearish Scenario: + Entry point: $4,385 – $4,395/ounce + Take Profit: TP1: $4,310; TP2: $4,250; TP3: $4,160. + Stop Loss: $4,435/ounce Bitget CFD sub-accounts allow traders to monitor various positions, assets, and profits across sub-accounts from a single master account. What is your outlook on gold for next week? Feel free to share your thoughts.