
XAUUSD FUNDAMENTALS
Supporting Fundamentals:
Gold remains supported by ongoing safe-haven demand as traders continue monitoring geopolitical tensions and global economic uncertainty.
Markets are cautious ahead of key U.S. economic data and any Federal Reserve commentary, limiting aggressive buying above resistance.
A stronger U.S. dollar and elevated Treasury yields are capping upside momentum, encouraging profit-taking near intraday highs.
The current pullback appears corrective rather than a trend reversal, with buyers still defending key support zones below 4135.
As long as risk sentiment remains fragile, dips in gold are likely to attract demand, supporting the broader bullish structure despite short-term consolidation.