🔍 Technical Overview
• Support Levels:
o $3,332–$3,335 – current short-term floor near weekly lows .
o $3,300 – major support, held multiple times .
o $3,275–$3,280 – deeper base if risk sentiment improves.
• Resistance Levels:
o $3,365–$3,372 – recent intraday highs.
o $3,400 – psychological and technical barrier.
o $3,434 – upper band target in extended bullish breakout.
• Momentum Indicators:
o Bullish bias intact; RSI & MACD suggesting upward tilt.
o Short-term consolidation expected after the strong rally.

📰 Fundamental Drivers
• Safe Haven Inflows: Escalating U.S. tariff rhetoric (including threats to Canada, EU, Japan, S. Korea) drove demand.
• Mixed U.S. Economic Data: Strong labor and inflation prints kept the dollar firm—but also fueled gold's appeal as a hedge .
• Fed Caution: Ongoing speculation around rate cuts and mixed Fed guidance keep gold attractive .
• Geopolitical Uncertainty: Trade and policy headlines remain major catalysts for safe-haven flows.

📅 Key Events This Week
• Wednesday, July 16:
o Fed minutes – crucial for direction on rate policy
• Friday, July 18:
o U.S. PPI + Consumer Sentiment – potentially impact dollar and inflation outlooks
• Ongoing:
o New trade/tariff developments – continue to influence sentiment

📌 Weekly Outlook & Strategy
🔼 Bullish Case
• Hold above $3,332–$3,335 → push toward $3,365–$3,372.
• Breakout above → likely move toward $3,400; extended targets at $3,434+.
🔽 Bearish Case
• Fall below $3,332 → could dip toward $3,300, then $3,275–$3,280.
• Reversal in risk sentiment or firm U.S. data may pressure downside.