Trading Insights

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Gold (XAU/USD)

Gold Supported by Weak Dollar and Strong Demand


Gold benefits from weaker dollar and strong central bank demand, with institutional rebalancing favoring hard assets. Technical pullback to S1 appears to hold, supporting further upside.


Key Levels: Support at $4,239.12 | Resistance at $4,500.24
Investor Takeaway: Gold shows potential for continued gains; investors may look for buying opportunities near support, with the next target at $4,500.