Technical Outlook
Gold has pulled back from recent highs, with RSI near 55 and MACD showing fading bullish momentum. Despite near-term softness, underlying support remains firm as central banks continue accumulating gold, while ETF inflows have slowed—resulting in consolidation. The Fed’s pivot toward bill purchases and a broader global diversification away from US Treasuries may underpin prices medium term.
Key Levels:
Support: $4,275.09 | Resistance: $4,580.17
Investor Takeaway:
Near-term consolidation masks a structurally supportive backdrop driven by sovereign demand and shifting reserve preferences.
