XAU/USD: Sell on rallies!GoldOANDA:XAUUSDActuaryJGold prices edged higher on Wednesday, currently trading near $4,340. The Federal Reserve is expected to raise interest rates by 25 basis points at this meeting; market focus has shifted to updated economic projections (including the "dot plot") and the press conference by Chair Kevin Warsh. Risks of energy-driven inflation support expectations for further Fed tightening, a global bond sell-off has pushed the 10-year US Treasury yield above 5% (a high since 2007), and escalating tensions in the Middle East are bolstering the US Dollar Index—factors that may limit gold's gains. Technically, gold has peaked and pulled back on the daily chart, falling below the 20-day moving average (MA20); the short-term bullish structure has been compromised. The MACD bullish histogram is contracting, indicating some release of bearish momentum, though a one-sided downtrend has not yet formed. The RSI has retreated to the neutral zone without entering deeply oversold territory, leaving room for a potential correction of the recent decline. On the four-hour chart, bulls and bears are locked in a tug-of-war; heavy selling pressure follows rebounds, and bullish counter-attacks lack sufficient strength, leaving the market in a state of fluctuation as it seeks a support base. For the New York session, the key level to watch is $4,350; failure to break above this level could trigger a bearish counter-attack, whereas stabilizing above $4,350 would lead to a test of the $4,402 resistance. On the downside, watch for support at $4,300, $4,280, and $4,255. Overall Analysis: The primary recommendation is to sell on rallies. My recommendations: SELL: 4338-4345 SELL: 4387-4395 BUY: 4303-4294 BUY: 4257-4262