Market Structure (Shavyfxhub Style)
The 4H chart shows a long-term descending channel / trendline that has capped price since the major top. Multiple RT/RS (Resistance Turned Support / Support Turned Resistance) flips confirm the strength of this descending resistance.
Demand Floor 4245 + Supply Roof 4420–4430
4178 Daily Liquidity
Price has rallied and is now testing the descending resistance and the Daily Supply Roof area. The red arrow suggests potential rejection from this zone.
Key Levels:
Supply Roof / Resistance
Daily Supply Roof (around 4,300–4,365)
Horizontal resistance near 4,278 – 4,317
Demand Floor / Support
4,245 demand zone
4,178 daily liquidity
Current Bias:
Still bearish-to-neutral on the higher structure while price remains below the major descending trendline and Daily Supply Roof. A clean break and hold above the descending resistance would be needed to flip the structure bullish.
DXY (Dollar Index),≈ 99.65 – 99.70,Soft → Supportive for gold
US 10Y Treasury Yield,≈ 4.61% – 4.63%,Stable/slightly softer → Mildly supportive
Fed Funds Rate,3.50% – 3.75%,Unchanged (restrictive)
Soft dollar and contained yields are currently helping gold stay elevated, but the technical supply overhead remains the main barrier.

Upcoming FOMC Meeting
Next FOMC: September 15–16, 2026
This meeting includes the Summary of Economic Projections (SEP) and dot plot
Last meeting (July 28–29) held rates at 3.50–3.75% with a 9–3 vote

Outlook for Gold:
Markets will closely watch the September dot plot and Chair Kevin Warsh’s press conference for any shift in the rate path. A more hawkish tone (higher rates for longer) would likely pressure gold, while a dovish surprise could support a breakout above the current supply roof.

Summary (Shavyfxhub View)
Structure = Descending resistance still intact
Immediate focus = Reaction at the Daily Supply Roof + descending trendline
Critical demand = 4,245 and 4,178
Macro = Soft DXY + stable yields are supportive, but technical supply is the key hurdle
Next major catalyst = September 15–16 FOMC (with dot plot)
Price is testing a high-probability decision zone. Rejection keeps the bearish structure alive; a strong breakout above the descending trendline would signal a potential shift.