XAUUSD | GOLD — Friday Market OutlookGoldOANDA:XAUUSDDECRYPTERS## MARKET STRUCTURE Gold is trading around **$4,386–$4,395**, extending a two-day rebound after the FOMC selloff. Price has reclaimed **$4,368** and is now testing the **$4,400** area. The structure is shifting toward neutral-to-repair, but gold remains below the major **$4,430–$4,443** supply zone. ## KEY LEVELS **Support:** $4,334 / $4,266 / $4,235 **FVG:** $4,346–$4,368 **Resistance:** $4,400–$4,403 / $4,434 **Buy Zone:** $4,334–$4,350 **Sell Zone:** $4,400–$4,434 A sustained hold above **$4,368–$4,382** would strengthen the bullish CHOCH structure, while a break below **$4,334** would weaken the recovery. ## DXY & YIELDS DXY remains firm around **100.24–100.31**, keeping a ceiling over gold. However, US 10Y yields have eased to around **4.93–4.94%** after briefly moving above 5%, providing the main fuel for the current gold rebound. ## FED & BOJ The Fed delivered a **25bp hike to 3.75%–4.00%**, with the dot plot still pointing toward another 2026 hike. The BOJ also raised rates to **1.25%**, while Ueda indicated that further or larger hikes remain possible. The combination keeps USDJPY, DXY and global yields important for gold in the near term. ## GEOPOLITICAL & OIL Oil has eased toward **$99–$102**, reducing some inflation pressure while geopolitical risks remain present. The softer oil move has helped gold recover, but the broader geopolitical premium has not disappeared. ## MARKET SENTIMENT Safe-haven demand is moderate rather than panic-driven. The dollar remains strong, while falling Treasury yields are currently supporting gold. Western ETF confirmation is still missing, with physical demand remaining an important medium-term support. ## TRADE BIAS **Neutral-bullish while above $4,334.** Above **$4,368**, buyers can continue targeting **$4,400–$4,403**, followed by **$4,434**. Failure to hold $4,334 would shift attention back toward **$4,266–$4,235**. **Key Support:** $4,334–$4,350 **Key Resistance:** $4,400–$4,434 **Major Invalidation:** Daily close below $4,334 or above $4,434 ## CONCLUSION Gold has recovered strongly from the FOMC flush, with **$4,235 defended** and yields pulling back from their highs. Reclaiming **$4,368** has improved the short-term structure, but **$4,400–$4,434 remains the critical supply zone**. A clean break and hold above **$4,434** would strengthen the recovery, while rejection from this zone could send gold back toward **$4,334** and potentially lower. **KEY LEVEL TO WATCH: $4,400–$4,434** *Not financial advice. Manage risk carefully.*