Outlook: Cautiously Bearish
Time Horizon: 1 Day
- Gold has registered a new high but is showing signs of consolidation.
- RSI near 55 with MACD indicating fading buying pressure.
- Central bank accumulation remains strong, offset by slower ETF inflows.
- The Fed’s pivot toward bill purchases and declining confidence in Treasuries remain medium-term supports.
Key Levels:
Support: 4,275.1 | Resistance: 4,580.2
Investor Takeaway:
Near-term consolidation dominates, but structural demand provides downside protection.
