Gold’s multi-month rally is pausing as the currency debasement narrative fades. ETF outflows hit record levels this month, reversing part of May’s inflows. Although demand from central banks remains steady, investor positioning has turned cautious as inflation expectations rise and yields remain elevated.
Key Levels: Support at $4,008.2 | Resistance at $4,393.2
Investor Takeaway: RSI around 44 trending downward with emerging MACD selling pressures; consolidation phase likely before next move.
