📊 XAUUSD Fundamental Outlook Gold has broken below the $4,000 psychological level, reaching its lowest levels of 2026 as bearish momentum remains strong. 🔻 Bearish Factors: • Hawkish Federal Reserve outlook keeps interest rates elevated. • Stronger U.S. Dollar continues to pressure non-yielding assets like gold. • Easing Middle East tensions have reduced safe-haven demand. • Weaker crude oil prices have eased inflation concerns, adding further downside pressure. 🟢 Bullish Support: • U.S. May PCE inflation came in slightly softer than expected. • Lower inflation expectations have eased Treasury yields, offering limited short-term support for gold. 📌 Overall View: The broader trend remains bearish as long as the Fed maintains a hawkish stance and the U.S. Dollar stays strong. Any recovery in gold is likely to face selling pressure unless fundamentals shift significantly. #XAUUSD #Gold #FED #USD #Trading #Forex