🔍 Fundamental Overview
Gold remains near record highs as Fed’s recent rate cut and dovish forward guidance weigh on the dollar and real yields. Central bank buying and geopolitical uncertainty continue to support structural demand.
Key Drivers:
• Fed Policy: December FOMC delivered a 25 bps cut; Powell signaled more easing in 2026, reinforcing bullish sentiment for gold.
• US Data: PCE inflation still near 3%, labor market softening, ISM PMI weak — all pointing to a dovish Fed stance.
• Global Demand: Central banks maintain strong gold purchases; ETF inflows remain positive.
• Risk Sentiment: Dollar weakness and falling Treasury yields underpin bullish momentum.

📊 Technical Analysis
Support Levels:
• $4,200 – Near-term support
• $4,150 – Secondary support
• $4,070 – Extended downside zone
Resistance Levels:
• $4,300 – Initial resistance
• $4,320 – Weekly pivot
• $4,350 – Bullish breakout trigger
Indicators:
• MACD: Bullish momentum intact; histogram positive
• RSI: ~70 – Overbought, signaling potential corrective pause
• Stochastic: Deep in overbought territory (>85), short-term pullback risk
• Trend: Price remains above 50-day MA; breakout above $4,300 could target $4,320–$4,350

📈 Trading Scenarios
✅ Bullish Setup:
• Entry: Above $4,300 with confirmation
• Targets: $4,320 ➡️ $4,350
• Stop-Loss: Below $4,200
• Catalysts: Fed dovish tone, dollar weakness, geopolitical risk
❌ Bearish Setup:
• Entry: Below $4,200
• Targets: $4,150 ➡️ $4,070
• Stop-Loss: Above $4,300
• Catalysts: Hawkish Fed surprise, profit-taking, easing global tensions