Gold extended its rally beyond $4,100 as China’s soybean boycott and the U.S. cooking oil retaliation threat intensified trade tensions. Investors flocked to gold amid geopolitical uncertainty and dovish Fed signals.
Key Levels: Support at $4,088.2 | Resistance at $4,238.9
Investor Takeaway: RSI at 70 trending upward with emerging MACD buying pressures; overbought conditions persist but trade war escalation provides solid tailwinds.
