Gold recovered Monday selloff and formed mini double top. 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 $4,344.13
Investor Takeaway: RSI and MACD show bearish momentum with fading MACD buying pressures; double top formation creates near-term caution but Fed T-bill buying and Treasury pivot support medium-term strength.
