GC Analysis Archive

Sunday evening. Gold opened at $2,139, marginally above Friday's close. Asian buying is providing mild support. Middle East tensions remain elevated, providing a geopolitical bid. Expect thin conditions until the London session opens.

Weekend review. Gold lost $38 on the week, closing at $2,137. The FOMC hawkish surprise and dollar strength drove the selloff. The 100-day MA at $2,125 held as support. The weekly chart shows a long lower wick at $2,125, suggesting buyers are present at this level.

Gold stabilized at $2,132, bouncing from yesterday's $2,125 low. The $2,125 level (100-day MA) held as support, attracting physical buying from Asia. The bounce is technical -- real yields remain elevated at 2.16%. Quad-witching today adds uncertainty. Gold options expiration is at $2,150 strike.

Gold dropped $32 to $2,128 on the hawkish FOMC. The dollar surge crushed gold as real yields jumped. The selloff was the largest single-day gold move since February. Gold broke below the $2,140 support and is now testing the critical $2,125 level, which is the 100-day moving average.

Gold drifted lower to $2,158 as the dollar firmed ahead of FOMC. The move is orderly and low-volume, consistent with pre-event de-risking. Gold ETF outflows of $180M on Monday suggest institutional positioning is shifting to the sidelines.

Gold is trading at $2,165 per ounce, consolidating after last week's push to $2,180. The dollar is flat, providing a neutral backdrop. Gold is supported by persistent central bank buying and geopolitical risk premium, but capped by the FOMC event risk ahead. Volume is below average.