Gold's Bearish Momentum: A Short Opportunity for XAU/USD as Macro Headwinds Persist

Fundamental Drivers & The Macro Outlook for Gold

When I look at XAU/USD, I'm always considering the broader macro landscape, and currently, the winds are not favoring the yellow metal. We've seen a clear bearish trend recently, with Gold dropping -0.57% over the last 24 hours to its current price of 2903.38. This isn't just noise; it’s a reflection of underlying fundamental shifts.
Consider the following: the narrative around inflation seems to be shifting, with some of the more extreme fears receding. If central banks, particularly the Federal Reserve, maintain a hawkish