🥇📉 Gold Struggles Near $4,800 as Stronger USD Caps Gains — Eyes on Key US Data
Gold prices ($XAU /USD) are finding it hard to extend their rebound after bouncing from below $4,800 💰⬇️. During the European session, the yellow metal remained under pressure as the US Dollar strengthened to a two-week high 💵📈, acting as a major headwind for prices.
🌍 What’s weighing on Gold?
A firmer USD following optimism around US economic resilience 💵⚖️
Easing geopolitical tensions, after the US and Iran agreed to hold talks in Oman 🕊️🇺🇸🇮🇷
China’s gold consumption fell 3.57% in 2025, reducing demand from one of the world’s biggest buyers 🇨🇳📉
🛑 What’s limiting the downside?
Expectations of lower US interest rates later this year 🏦⬇️
A weak US ADP jobs report showing only 22K new jobs, well below expectations 👷♂️📊
Ongoing global geopolitical risks, keeping Gold attractive as a safe haven 🛡️✨
📊 Technical snapshot
Gold failed to break above $5,100, reinforcing near-term bearish pressure 🚫📈
Resistance: $4,994 → $5,136
Support: Rising 200-period SMA near $4,678 🧱
Momentum indicators (RSI & MACD) suggest mixed, range-bound action 🔄📉📈
👀 What’s next for traders?
Markets are now focused on key US labor data, including:
JOLTS Job Openings 📄
Weekly Initial Jobless Claims (Consensus: 212K) ⏰📊
💡 Big picture
Despite near-term pressure, major banks like UBS still see Gold as a strong hedge 🥇🛡️, projecting prices could climb toward $6,200/oz by mid-2026 🚀✨.
👉 For now, Gold remains stuck below $5,000, waiting for fresh catalysts from US data and Fed signals 📅🔔.
#GOLD #GoldenLionSignal #GOLD_UPDATE
