DeGRAM | XAUUSD — Strong Sell Pressure Targets 4,070GoldOANDA:XAUUSDDeGRAM📊 Technical Analysis ● XAUUSD remains inside a broad descending channel, with the upper channel line continuing to cap recovery attempts. Price is now approaching the marked resistance zone around 4,135–4,150. ● The structure favors another rejection from resistance. Technical readings remain strongly bearish, with 12 of 12 moving averages on Sell, RSI around 36, negative MACD and CCI below -120. ● The projected path points to a rejection from the resistance zone, followed by a move through 4,100 toward the strong support area and target around 4,065–4,075. 💡 Fundamental Analysis ● Higher Oil Prices — Inflation Risks Rise: Brent climbed above $110 as Middle East tensions intensified, reinforcing concerns that higher energy costs could keep inflation elevated. ● Fed Tightening Expectations — Pressure On Gold: The Fed is expected to hold rates in October, but markets are pricing roughly a 90% chance of another hike in December, limiting gold's upside. ● Dollar And Yields — Bearish Pressure: A firmer dollar and elevated Treasury yields have recently weighed on gold as investors favor higher-yielding assets. ✨ Summary ● The descending channel, strong resistance around 4,135–4,150 and bearish technical statistics keep the downside scenario dominant, with 4,065–4,075 as the main target. Share your opinion in the comments and support the idea with a like. Thanks for your support!