🥇 Gold prices dropped more than 1.5% to $4,054 before staging a slight rebound.
📉 The decline was driven by strong U.S. economic data, rising inflation concerns, and expectations of Federal Reserve rate hikes, which strengthened the U.S. Dollar.
🌍 Easing U.S.-Iran tensions and lower oil risk premiums reduced safe-haven demand for gold.
📊 Key Levels:
▪️ Support: $4,050
▪️ Resistance: $4,140
⚠️ Some traders are eyeing an oversold bounce toward $4,100, while the broader trend remains under pressure.
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