Gold Technical Outlook: XAU/USD Selloff Meets Fed Headwinds 6 11 2026
Gold is poised to mark the largest weekly loss since March with XAU/USD now testing fresh yearly lows. Battle lines drawn on the technical charts.
Written by
Michael Boutros
Sr. Technical Strategist
Gold Technical Outlook: XAU/USD Multi-Timeframe Analysis
Gold prices have fallen to fresh 2026 lows as technical support levels break down and Federal Reserve rate expectations continue to support the U.S. dollar. Michael Boutros, Senior Market Analyst at FOREX.com, examines the key chart levels driving the selloff, the significance of the weakest momentum readings since 2023, and why oversold conditions may not be enough to stop further losses. He also discusses how Treasury yields, inflation data and Fed policy expectations are shaping the outlook for gold.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
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--- Written by Michael Boutros, Sr Technical Strategist
Follow Michael on X @MBForex
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