GOLD hits resistance – usd strikes back!XAUUSD is charging into the "danger zone" around 3,375 – a level where bulls have fallen before.
But this time, gold faces a heavyweight opponent:
– The US economy is revving up like a race car: consumer demand is surging, jobless claims are dropping.
– The Fed holds its hawkish stance like a loaded weapon: high interest rates aren’t going away.
– The US dollar is back in full force, and bond yields are shooting sky-high.
While gold buyers try to climb higher, pressure from the “USD fortress” is building fast.
Every uptick in XAUUSD now… might just be a setup before the fall.
If selling pressure returns near the previous highs, another sharp drop in gold could be just around the corner.
