Gold rebounded sharply following the US–Venezuela conflict, with futures surging on geopolitical uncertainty. While ETF inflows have slowed, central bank demand remains strong, creating a consolidation phase with upside squeeze risk. The Fed’s increasing bill purchases and a gradual global shift away from Treasuries add medium-term support.
Key Levels: Support at $4,275.1 | Resistance at $4,580.2
Investor Takeaway: RSI at 51 with strengthening MACD buying pressure; consolidation favors higher prices as structural demand remains intact.
