#XAU is currently trading around $4,550 – $4,700, moving near a key support zone after recent volatility. �
DailyForex +1
📉 Trend: Short-term bearish pressure, but long-term bullish
🔑 Resistance: $4,800
🛡 Support: $4,600 (critical level) �
DailyForex
🚀 Key Drivers
Rising oil prices & inflation impacting gold negatively �
Reuters
Federal Reserve decisions affecting market sentiment �
The Wall Street Journal
Safe-haven demand due to geopolitical tensions supporting price �
The Times of India
🔮 Outlook
Bounce from $4,600 → move toward $4,800
Break below support → deeper correction possible
👉 Conclusion:
Gold is in a consolidation phase near support, and the next move depends on a bounce or breakdown
XAUT
4,556.93
-1.00%