🥇 Gold Rebounds Above $4,300 After Finding Support at $4,250
Gold is reversing its recent decline, climbing back above $4,300 after attracting fresh buying interest near the $4,250 level.
💵 The U.S. Dollar has softened as optimism surrounding a potential U.S.-Iran peace deal outweighs the impact of the Federal Reserve's hawkish outlook.
📈 Technical Outlook
▫️ Support: $4,250
▫️ Resistance: $4,390
▫️ 21-Day SMA: $4,390
A sustained move above the 21-day SMA near $4,390 could signal renewed bullish momentum and strengthen the case for a broader recovery.
👀 Traders are closely watching whether gold can maintain its rebound as geopolitical developments and monetary policy expectations continue to shape market sentiment.