Gold struggles to find direction as Fed’s rate cut expectati...

Gold struggles to find direction as Fed’s rate cut expectations fade! 🏛️💵

Gold (XAU/USD) is stuck in a tight range at $2,640 per ounce after losing momentum from aggressive Fed rate cut bets. With sellers taking control, gold’s upside is capped below last week’s high of $2,685. 📊

However, downside pressure is limited due to safe-haven demand amid Middle Eastern tensions and a global trend toward lower interest rates. 🌍⚖️

Key levels to watch:
🔹 Resistance: $2,673
🔹 Support: $2,625 – $2,600

Watch for upcoming US Nonfarm Payrolls data! Strong numbers could further boost the USD, adding pressure on gold. 🔍💼

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