The market recovered and stabilized around 4,400.GoldOANDA:XAUUSDMoon-ForexAcademy🟡 1. Current Gold Market Context Gold has experienced a strong correction at the beginning of September. On September 1, XAU/USD fell by more than 2% as the USD strengthened and Treasury yields rose, before recovering by more than 1% on September 2 as the USD and yields eased. Spot gold recovered to around $4,376–$4,388/oz. → Therefore, gold is currently in a consolidation phase, and a strong bullish reversal has not yet been confirmed. 🟡 2. The Fed Remains a Headwind for Gold The key factor at the moment is that markets have shifted toward expectations that the Fed could raise interest rates in September, rather than focusing primarily on rate cuts. Following hawkish comments from Fed Chair Kevin Warsh, market pricing for a 25-basis-point rate hike in September rose to around 64–65%, according to market sources cited by Reuters. The Fed is also facing several challenges: Inflation remains above the 2% target. The U.S. economy remains relatively resilient. Treasury yields are rising. Energy costs and other input prices continue to create inflationary pressure. The latest Beige Book shows that the U.S. economy is experiencing modest growth, employment is increasing slightly, and prices continue to rise at a moderate pace. → The more hawkish the Fed becomes → the stronger the USD and Treasury yields are likely to be → the greater the downside pressure on gold. 🟡 3.Technique On the H1 chart, the gold price is retracing around the 4440 level, awaiting a reaction from sellers; a breakout could lead to a recovery as the market stabilizes. The price is also approaching overbought territory according to the EMA. 4. Signal SELL GOLD zone : 4440 - 4443 SL : 4448 TP : 4422 - 4400 - 4377 ------------------------------------------------