Gold faced massive liquidation but remained above support level. Futures activity implied heavy profit-taking from traders as gold breached $4.5K mark and nearly hit $4.6K. Price action suggests squeeze higher as central bank gold holdings continue increasing while ETF inflows slowed this month. Fed becoming buyer of bills and global pivot away from US Treasuries may push gold further up.
Key Levels: Support at $4,275.09 | Resistance at $4,580.17
Investor Takeaway: RSI at 55 with MACD showing reemerging bullish momentum and increased buying pressures; support held despite liquidation confirms strength with Fed T-bill buying providing structural floor.
