💰Gold’s been creeping higher again, pushing back above $4,750 early Tuesday. Looks like hopes for another round of US-Iran peace talks are giving it a little boost.

🇺🇸 Meanwhile, the US Dollar is stuck near six-week lows — everyone’s feeling more risk-on these days, plus there’s growing doubt about what the Fed’s gonna do next policy-wise.

But here’s the thing — gold’s downside still feels exposed. The RSI is kinda struggling to hold at 50, and we’ve got a Bear Cross confirmation lurking in the background.

So yeah, the rebound might not have much legs just yet. Feels like one step forward, one step back for the shiny metal right now. Let’s see if the peace talks actually deliver something this time, or if it’s just more of the same.#USMilitaryToBlockadeStraitOfHormuz

$XAU

XAUUSDT

Perp

4,593.32

-1.77%