$XAU has surged above the psychological $5,000/oz level, hitting fresh multi-week highs as traders rush into safe havens amid rising trade-war jitters and geopolitical uncertainty. Global safe-haven demand’s main driver was renewed tariff escalation from the U.S., lifting bullion prices sharply. �
Reuters +1
Bullish momentum still intact:
Technicals show strong buying pressure on both daily and shorter timeframes — price recently broke above major resistance, confirming buyers are in control. Momentum indicators (RSI, MACD) and moving averages remain supportive of further gains. �
FXStreet
Key Levels to Watch:
🔑 Support: ~$5,050–$5,100 (now demand zone)
🚧 Resistance: ~$5,200+ (next upside target)
📉 Risk zone: A drop back below ~$4,950 could signal short-term pullbacks
Fundamental drivers:
• Trade tensions and geopolitical risk are lifting safe-haven flows. �
• US dollar softness aids gold strength. �
• Macro data (Fed outlook, jobs figures) will influence direction into next week.
Reuters
The Sunday Guardian
📊 Short-Term Trading View
Bullish edge: Maintain long bias while price holds above support.
Watch volatility: Pullbacks are healthy and may offer re-entry opportunities.
Overall: Gold continues to flex its safe-haven role right now. The rally isn’t looking tired yet — buyers still have the upper hand unless key supports crack.
