2/
📌 Key Drivers:
- Geopolitical risks remain in focus. Tensions involving Iran and the Middle East are keeping safe-haven demand alive
- The recent pullback in US Treasury yields could limit further USD gains and offer some support for gold
📊 Technically, XAU/USD remains below the 100-day EMA, keeping the near-term bias mildly bearish
Key levels to watch:
📍 Resistance: $4,367 / $4,406
📍 Support: $4,317 / $4,229
The intraday pivot is 4,419. Below this level, the target remains 4,281
#gold #xauusd #technicalanalysis