GOLD: Gold H1 Analysis – September 24GoldOANDA:XAUUSDStone_Haven📰 Gold News & Market Developments Gold is facing pressure as the USD strengthens, U.S. Treasury yields rise, and expectations grow that the Fed will continue to maintain a tight monetary policy. Reuters reported spot Gold trading around $4,282/oz, while the market remains focused on the possibility of further Fed rate hikes. In addition, relatively strong U.S. economic data is bringing back expectations of higher-for-longer interest rates, putting further pressure on non-yielding assets such as Gold. ➡️ Short-term fundamental outlook: Bearish bias on Gold. 🔎 Technical Market Analysis On the H1 timeframe, Gold is showing a clear Lower High – Lower Low structure after being strongly rejected from the 4,365–4,375 area. Price is currently moving within a descending channel, with the upper trendline continuing to cap rebound attempts. The EMAs are aligned in a bearish order: EMA20 < EMA50 < EMA100 < EMA200, with all of them positioned above price. This indicates that short-term momentum remains tilted toward the sellers. However, price has already moved significantly away from the EMA20 and is approaching the 4,260 area, while also being close to the lower boundary of the descending channel. Therefore, chasing a SELL around 4,280 does not offer an attractive risk-to-reward ratio. If price rebounds toward the EMAs or the supply zone above, sellers may have a more favorable entry area. 🎯 Trading Strategy 🔴 SELL Zone: 4,335 – 4,325 This is the most notable area due to the confluence of EMA50/100/200 + supply zone + descending trendline. → If price retraces into this zone and shows a clear rejection, a SELL setup may be considered. 🔴 SELL Zone: 4,365 – 4,378 This is the upper supply zone and an area where price has been rejected multiple times. → If price makes a strong retracement into this zone and shows bearish rejection, a SELL setup may be considered. 🟢 BUY Zone: 4,255 – 4,265 This is the green support zone, located near the lower boundary of the descending channel. If price shows a clear bullish reaction from this area, a BUY setup may be considered. ⚠️ Disclaimer: This is my personal analysis and market view based on the chart and market information available at the time of analysis. It does not guarantee a 100% successful outcome.