Gold News: Gold Price Holds 50-Day MA as DXY Reversal Limits Selling - FXEmpire

AI desk brief

Spot gold is holding above its 50-day moving average at $4,301 after an early break lower was quickly bought, with XAU/USD last at $4,333.94, down 0.22%. Near-term bias remains bearish while the daily swing trend stays down; a move below $4,235.17 would reaffirm the downtrend and could accelerate selling toward the $4,230.51 Fibonacci level, while resistance sits at $4,384.59-$4,405.59 and the latest swing top at $4,399.67.

The macro backdrop is still pressuring metals: Fed officials Musalem and Goolsbee reinforced the case for more tightening, with December hike odds around 90%, while the dollar briefly hit a recovery high at 100.667 before reversing on a geopolitically driven oil headline. The 10-year yield paused near 4.93% after testing 4.922%, limiting downside support for gold but not yet enough to trigger a broader rebound.