# Gold faces selling pressure below key technical levels

> A technical analysis points to downside risk for gold as it trades below moving averages amid rising dollar and yields.
- Title: Gold faces selling pressure below key technical levels
- Summary: A technical analysis points to downside risk for gold as it trades below moving averages amid rising dollar and yields. Gold remains under pressure below…
- Keywords: gold, xauusd, technical analysis, trading, us dollar, federal reserve, treasury yields, moving averages, support levels, resistance levels, fed meeting, goldfxcc
- Source: TradingView — https://tradingview.com/chart/XAUUSD/2Aw60h3K-XAUUSD-1D-SELL-View
- Published: 2026-09-15T23:24:38+00:00
- Read time: 1 min
- Topics: gold, xauusd, technical analysis, trading, us dollar, federal reserve, treasury yields, moving averages, support levels, resistance levels, fed meeting, goldfxcc
## Gold trading in narrow range
Gold is moving between $4,260 and $4,318 on September 16. The correction from $4,697 continues as the metal stays well below its 200-day moving average.
## Sellers control after rejection
Monday's recovery was rejected at $4,356. Today's lower high near $4,318 shows upside momentum remains weak across multiple timeframes.

> Sellers remain in control after Monday's recovery was rejected at $4,356.
## Key support at $4,253 level
An hourly close below $4,253 that fails to reclaim could push gold toward $4,223 and then $4,200. Recovery above $4,297 would weaken the bearish path.

> While gold remains below $4,284, $4,297, pressure stays tilted toward $4,264, $4,253.
## Dollar and yields pressuring gold
The dollar index strengthened to 99.63 while the 10-year Treasury yield hit 5.0266%, its highest since 2007. These moves are weighing on gold prices.
## Fed decision looms Wednesday
Markets price a 93% chance of a quarter-point Fed rate increase. The decision comes at 7:00 PM London time, with volatility expected as traders position ahead.
## Key takeaway

Gold remains under pressure below $4,297, with support at $4,253 being the key decision level for further downside.