Gold Market AnalysisGoldCAPITALCOM:XAUUSDqxvhngThe overall market bearish trend remains unchanged, and gold prices are continuously suppressed by Federal Reserve policy expectations. Current market pricing shows the probability of a Fed rate hike in September exceeds 70%. In addition, recent U.S. manufacturing data has remained robust, pushing the 10-year U.S. Treasury yield to hold steadily above the 4.5% mark. The near-term overhead resistance zone for gold is 4100 to 4110. When gold prices hit this range, long traders will take profits and short positions will re-enter the market, which usually triggers a sharp pullback after a price surge. The medium-term bull-bear watershed range is 4130 to 4150. Only a daily closing price firmly above this zone can temporarily ease the short-dominated short-term trend. Without an effective breakout above this zone, every rally is an opportunity to sell on strength. The near-term support zone stands at 4040 to 4050. An effective breakdown below this range will negate the intraday rebound logic. The 4000 level is a critical psychological level and a key buying zone for global central banks. A break below this level will send gold tumbling toward lower support levels. The strong medium-term support zone of 3970–3980 marks this week’s low, where institutional buying is concentrated. A sustained drop below 3950 will ignite a new round of bearish downside movement. 🎯 I share trading strategies daily.