Trading Insights

Gold (XAU/USD)

Gold Forms Mini Double Top Despite Central Bank Accumulation

Gold rebounded from early-week weakness but has since formed a short-term mini double top. While central bank demand remains robust, slower ETF inflows have contributed to price consolidation.

Key Levels: Support $4,174.074 | Resistance $4,467.620

Investor Takeaway: MACD buying pressure is fading, signaling near-term consolidation. However, Fed balance sheet dynamics and diversification away from US Treasuries may underpin a medium-term floor.

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