Gold Prices Eye Further Gains Despite Early Pullback
The gold market (XAU/USD) has experienced heightened volatility in recent sessions, with prices swinging sharply following news of potential tariff delays and shifting market sentiment. After an initial dip in early Thursday trading, gold rebounded strongly, signaling continued bullish momentum.
Key Drivers for Gold Prices
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Tariff Uncertainty: Reports of a pause in new tariffs triggered market fluctuations, but gold’s safe-haven appeal remains strong.
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Geopolitical Tensions: The ongoing Ukraine war and global instability support gold demand.
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Central Bank Buying: Aggressive gold accumulation by central banks (amid rising government debt) underpins long-term bullish trends.
Gold Technical Analysis: Upside Targets in Focus
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Short-Term Support: The $3,275 level acts as a key floor—any dips toward this zone may attract fresh buying interest.
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Resistance Breakout: A decisive move above $3,380 could accelerate gains toward $3,500 and beyond.
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Bearish Scenario: Only a drop below the 50-day EMA would suggest a deeper correction is underway.
Market Outlook: Why Gold Could Keep Rising
Despite short-term noise, the broader uptrend remains intact. Factors like:
✔ Persistent inflation concerns
✔ Global economic uncertainty
✔ Strong central bank demand
…suggest that any pullbacks may be temporary, with higher highs likely ahead.
Key Levels to Watch
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Support: $3,275 → $3,200 (psychological level)
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Resistance: $3,380 → $3,500 (next major target)
Final Thoughts
Gold’s bullish trajectory stays firm, with volatility offering entry opportunities. Traders should monitor:
🔹 Fed policy signals
🔹 Tariff-related developments
🔹 Geopolitical risks
For the latest economic events impacting gold, check our economic calendar.
