VT 
Gold continues to consolidate around $4,060 to $4,080 following a sharp pullback from the $4,245 high as global risk appetite took a hit following Federal Reserve minutes that showed policymakers remain hesitant to cut rates aggressively. Despite signs of easing inflation, Fed officials emphasised the need for “greater confidence” before pivoting, which has kept Treasury yields elevated and the dollar firm.
Balancing Risk-Off Mood, Central Bank Signals and Renewed Geopolitical Tension
Meanwhile, geopolitical tensions in the Middle East and renewed concerns over U.S.–China trade relations have added to market unease. Equity markets have turned choppy, and investors are once again rotating into defensive assets, with gold benefiting from its role as a hedge against volatility and uncertainty.
The combination of hawkish Fed tone and fragile global sentiment has created a mixed backdrop for gold.
While higher yields typically pressure non-yielding assets like gold, the safe-haven appeal of gold remains strong especially as central banks tread cautiously and political risks mount.
XAUUSD Technical Analysis: Buyers Defending the $4,057 Support
Gold is currently trading within a tactical range, with price action favoring accumulation near support and profit-taking near resistance.
- Support: $4,057 as tactical buy zone, followed by $4,020 as bearish trigger level
- Resistance: $4,240 followed by $4,250 if support holds
- Bullish Bias: Buy dips near $4,057 to $4,073, and look out for $4,240 and $4,250 as target. Maintain stops below $4,020.
- Bearish Setup: Short only if price breaks and closes below $4,020, with $3,985 as target. Use tight stops above $4,073.
- Range Play: Buy near $4,057 and sell near $4,250. Trade the range until a breakout confirms direction.
Safe-Haven Demand Returns, But Momentum Needs Confirmation
The ability for XAUUSD to hold above $4,057 suggests that safe-haven demand is quietly rebuilding, even as technical momentum cools. Traders should monitor upcoming U.S. inflation data, central bank commentary, and geopolitical headlines for signs of renewed volatility. A sustained break above $4,250 would confirm bullish continuation, while a drop below $4,020 would shift the bias toward deeper correction.
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