📌 Current Price & Trend
• Gold prices are trading near all-time highs, around the $4,900 / oz region. Spot gold has recently posted a very wide weekly range and fresh highs, showing strong buying pressure.
Forex +1
🟡 Short-Term Technicals
• The $XAU
chart shows the metal breaking above key resistance levels, which now act as support. Bulls are targeting further gains if momentum continues.
• Some short-term indicators suggest overbought conditions, meaning a shallow pullback or consolidation could occur before another leg up.
FXEmpire
FXEmpire
🌍 Drivers & Market Sentiment
• Safe-haven demand is elevated due to ongoing economic and geopolitical uncertainty, helping gold’s rally.
• A softer U.S. dollar and expectations of looser monetary policy (lower rates) support gold’s appeal as an alternative store of value. #WriteToEarnUpgrade #USJobsDataعام #GrayscaleBNBETFFiling