Fed. Oil. AI fears. Gold is breaking

GOLD FUTURES (MCX) | Daily & Weekly ━━━━━━━━━━━━━━━━ 🌍 WHY GOLD IS FALLING 🏦 ECONOMY: Fed held at 3.75-4.00%. December hike odds ~75-85%. US growth and inflation stay strong, and the 10-year yield is near 5% 🛢️ WAR: Fresh attacks on ships in the Strait of Hormuz. That feeds inflation fears, so gold did not rally as a safe haven 🤖 AI: A tech sell-off on 30 Oct (Nasdaq 100 -3.4%, Intel -29%) on AI-spending doubts. Margin calls forced investors to sell liquid assets, gold included 📉 Result: Spot gold fell ~2.6% on 30 Oct, and is down ~6% in October 🚨China’s central bank bought 23 tonnes in September, its largest monthly addition since October 2023. 45% of central banks plan to increase reserves. 📍 MAJOR ZONES (₹ per 10g) 🔴 SUPPLY: ₹140,000-144,350 🟢 DEMAND: ₹135,000 → ₹130,000-132,000 (key zone) → ₹117,500-120,000 WEEKLY CHART https://www.tradingview.com/x/isneNkuv/ ⚠️ Educational purposes only. Not a buy/sell recommendation.