Gold started resurgence following US-Venezuela conflict, currently trading sideways with muted jobs report. 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. Invasion acts as way for US to acquire more gold as Venezuela has large gold reserves.
Key Levels: Support at $4,350.59 | Resistance at $4,580.17
Investor Takeaway: RSI at 43 with MACD showing reemerging bullish momentum but increased selling pressures; consolidation after geopolitical spike with Venezuelan gold acquisition supporting structural case.
