Spot gold has rebounded back above the $4,200/oz threshold, driven by retreating US Treasury yields, a softer US dollar, and easing geopolitical tensions. Near-term market sentiment remains cautious, with prices testing overhead technical resistance.
Key Technical Levels (Spot XAU/USD)
Immediate Resistance: $4,227 – $4,250
Secondary Resistance: $4,300 – $4,335
Key Support: $4,100 – $4,130
Major Downside Support: $4,050 – $4,000
Key Technical Levels (Spot XAU/USD)
Immediate Resistance: $4,227 – $4,250
Secondary Resistance: $4,300 – $4,335
Key Support: $4,100 – $4,130
Major Downside Support: $4,050 – $4,000