Outlook: Cautiously Bearish | Timeframe: 1 Day
Gold recovered from Monday’s sell-off and continues consolidating. Central bank purchases remain robust, while ETF inflows have slowed materially, resulting in price stability rather than continuation.
A shift toward bill purchases by the Fed and a gradual global diversification away from US Treasuries may support gold over the medium term.
Key Levels:
Support: 4,039.9 | Resistance: 4,344.1
Investor Takeaway:
Gold remains structurally supported but tactically range-bound pending a macro catalyst.
