Is Gold About to Fall? Strong USD Pressures XAUUSD Down

[chainsniff]

The gold market is entering a sensitive phase as buying momentum gradually weakens, while the USD strengthens again following a series of positive economic releases. There is a sense of “calm before the storm”, and XAUUSD is now tilting toward a bearish direction.

U.S. data shows a clear recovery in the labor market: NFP surged far above expectations, hourly earnings remained stable, and the Fed is expected to maintain a cautious stance. These factors combined have boosted the USD, putting direct pressure on gold.

From a technical perspective, XAUUSD keeps getting rejected at the 4,080 resistance zone. A rounding-top pattern is forming, Ichimoku signals are weakening, and each rebound is becoming smaller. The 4,000 support level has been tested repeatedly, suggesting a rising probability of a breakdown.

If price fails to break above 4,080, gold may continue pulling back toward 4,000, and could even extend the decline to 3,930, the next major support zone. This remains the most reasonable scenario as both fundamentals and technicals align to the downside.

[Nahid Hossen]

Stronger USD always squeezes gold — the chart reflects it perfectly.

[Abdul Khan]

If momentum continues, gold could drop much deeper. Watching closely.