Gold Leans Bearish Ahead of Fed DecisionGoldOANDA:XAUUSDMian-FXSignals📊 Market Overview: XAU/USD is under selling pressure and trading around 4,330 USD, after failing to sustain its recovery momentum from the previous weekend. Downside pressure is driven by a stronger USD and elevated US yields, while expectations for a Fed rate hike at this week’s meeting have risen to around 86–87% following hotter-than-expected US inflation data. In addition, Brent crude oil prices above 107 USD/barrel amid escalating tensions in the Middle East are fueling inflation concerns and continuing to weigh on gold. 📉 Technical Analysis: • Key Resistance: 4,345–4,355 / 4,370–4,385 • Nearest Support: 4,320–4,310 / 4,295–4,280 • EMA 09: Price is currently below the EMA 09, indicating a bearish short-term trend. • RSI: Moving around the neutral zone, but momentum does not yet show enough buying pressure to trigger a reversal. • Candlestick Pattern / Volume / Momentum: After the recovery, price is facing renewed selling pressure below the 4,350 area. Failure to break above this resistance could form a lower high on the short-term timeframe. MACD remains bearish, while ADX indicates that the current selling pressure is still present. 📌 Outlook: Gold could continue to decline in the short term if it fails to break and hold above 4,350–4,355. A break below 4,320 could extend the downside toward 4,310 → 4,295–4,280. Conversely, if XAU/USD clearly breaks above 4,355, selling pressure could weaken and price may recover toward 4,370–4,385. 💡 Proposed Trading Strategy: 🔻 SELL XAU/USD at: 4,355–4,358 🎯 TP: +40 / +80 / +200 / +300 pips ❌ SL: 4,363 🔺 BUY XAU/USD at: 4,320–4,317 🎯 TP: +40 / +80 / +200 / +300 pips ❌ SL: 4,312