Key facts
- XAU/USD price (4h close): $4,157.20
- Week change: −4.70%
- RSI 14 (4h): 33
- Support 1: $4,110.87 / Resistance 1: $4,315.80
- EMA 9/20/50 bearish alignment
Gold is under pressure as rising oil and surging yields squeeze the metal.
XAU/USD last closed near $4,157.20 on the 4h chart, with the 10-year Treasury yield pushing to its highest since June 2007 and oil-driven inflation fears weighing on gold. The 4h EMAs (9, 20, 50) are stacked bearish and RSI 14 sits at 33, reflecting weak momentum. MarketPro view: the bias stays bearish while price holds below $4,159.66, with support at $4,110.87 and resistance at $4,315.80. No confirmed MarketPro signal.
Gold trades near $4,157.20, down −4.70% for the week
XAU/USD has slipped further, now down −6.83% for the month as well.
The move extends a broader pullback that has taken hold across recent sessions.
Rising oil and surging yields are the key pressure points
Higher oil prices are reviving inflation fears, while the 10-year Treasury yield has climbed to its highest since June 2007 on weak auctions and Fed hike bets.
Both trends tend to weigh on non-yielding assets like gold.
Traders are watching the $4,110.87 to $4,315.80 range next
On the 4h chart, EMAs remain stacked bearishly and RSI 14 sits at 33, reflecting soft momentum.
The bearish bias could hold while price stays below $4,159.66, though conditions may shift.
The levels on the chart
- Resistance: $4,315.80
- Support: $4,110.87
Educational information only. Not investment advice. Trading involves risk of loss.