Selling pressure, gold downtrend

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Plan XAU day: 09 July 2025

Related Information:!!!

Gold (XAU/USD) continues to extend its decline on Wednesday for a second consecutive session, as the US Dollar (USD) and US Treasury yields strengthen ahead of the release of the Federal Open Market Committee (FOMC) Meeting Minutes.

The US Dollar Index (DXY) has climbed to a two-week high, exerting downward pressure on XAU/USD, which has fallen below the $3,300 level at the time of writing.

The forthcoming release of the FOMC Minutes from the June meeting is anticipated to provide insight into the Federal Reserve’s internal discussions regarding the future course of monetary policy.

In June, the central bank chose to maintain its benchmark interest rate within the 4.25% to 4.50% range, citing continued labor market resilience and persistent inflationary pressures.

personal opinion:!!!

Gold price is in the accumulation zone below 3300, big selling pressure. Pay attention to selling gold according to the trend line 3294

Important price zone to consider : !!!

support zone point: 3274; 3252 zone

Sustainable trading to beat the market

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