🔍 Fundamental Overview
Gold remains near record highs as Fed rate cut expectations and persistent geopolitical uncertainty drive safe-haven demand. The dollar stays under pressure, and real yields continue to decline, reinforcing gold’s structural bullish trend.
Key Drivers:
• Fed Policy: Markets price in a 25 bps cut at the December FOMC meeting; Powell’s tone will guide 2026 outlook.
• US Data: PCE inflation still near 3%, labor market softening, ISM PMI weak — all supporting dovish bias.
• 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:
• $4,180 – Near-term support
• $4,125 – Secondary support
• $4,070 – Extended downside zone
Resistance Levels:
• $4,260 – Initial resistance
• $4,300 – Weekly pivot
• $4,350 – Bullish breakout trigger
Indicators:
• MACD: Bullish momentum intact; histogram positive
• RSI: ~72 – Overbought, signaling potential corrective pause
• Stochastic: Deep in overbought territory (>90), short-term pullback risk
• Trend: Price remains above 50-day MA; breakout above $4,260 could target $4,300–$4,350

📈 Trading Scenarios
✅ Bullish Setup:
• Entry: Above $4,260 with confirmation
• Targets: $4,300 ➡️ $4,350
• Stop-Loss: Below $4,180
• Catalysts: Fed dovish tone, dollar weakness, geopolitical risk
❌ Bearish Setup:
• Entry: Below $4,180
• Targets: $4,125 ➡️ $4,070
• Stop-Loss: Above $4,260
• Catalysts: Hawkish Fed surprise, profit-taking, easing global tensions