Gold continues edging upward following economic risks from poor US fiscal data. Price action suggests squeeze higher as central bank gold holdings continue increasing while ETF inflows slowed this month. Gold prices expected stable over coming weeks given lower ETF demand. Fed becoming buyer of bills and global pivot away from US Treasuries may push gold further up.
Key Levels: Support at $4,039.91 | Resistance at $4,307.70
Investor Takeaway: Fed T-bill buying program and Treasury pivot create structural support; central bank accumulation vs ETF weakness sets up potential squeeze despite near-term consolidation.
