Core Logic of the Bearish TrendGoldOANDA:XAUUSDArthur-Davies📉Core Logic of the Bearish Trend Medium-term bearish sentiment prevails to suppress market rebounds with heavy selling pressure at highs. 🔹30-year U.S. Treasury yield hits 2007 peak, raising gold holding costs, capital flows into high-yield bonds, putting lasting pressure on gold prices. 🔹Inflation stays firm, Fed rate hike expectations rise to 82%, rate cut hopes vanish, prolonged high interest rates restrict gold upside. 🔹Gold breaks key supports with consecutive big bearish candles, all moving averages turn bearish, multiple upper resistances keep rebounds feeble. 🔹Upcoming FOMC minutes tend to be hawkish with no rate-cut signals, further curbing rebound space, bounces are ideal short entry points.