GOLD | Bullish Above 4,174 — 4,231 in FocusGoldOANDA:XAUUSDSroshMayi Gold maintains a bullish structure while trading above 4,174, supported by lower Treasury yields and reduced expectations for another immediate Fed rate hike. Technically, stability above 4,174 keeps the upside open toward: 4,231 → 4,260 → 4,297 A confirmed break above 4,231 would strengthen the bullish continuation. However, a 1H close below 4,174 would shift momentum toward 4,148. A further break below 4,148 could extend the decline toward 4,110 and 4,075. Today’s PCE and GDP data remain important catalysts and could trigger strong volatility. Fundamental Outlook Gold is rising more than 1% as U.S. Treasury yields move lower and traders reduce expectations for another Fed rate hike in October. New York Fed President John Williams said the Fed does not need to rush into another rate increase. This pushed October hike expectations down sharply from around 70% earlier this week. Simply: Lower Fed hike expectations → Lower Treasury yields → More support for Gold Now the market is focused on PCE inflation data and Friday’s payrolls report. If the data comes in strong, rate-hike expectations could rise again and pressure Gold. If the data is softer, Gold could receive more bullish support.