Gold Spot / U.S. Dollar
Long
Updated

Gold in a Tug of War - Buy or Sell ?

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After a quiet trading week, XAUUSD is hovering around 3,368 USD, trapped between hawkish central bank policies and prolonged geopolitical tension in the Middle East.

Despite safe-haven demand sparked by the Israel–Iran conflict, Fed, BOE, and SNB holding interest rates high conti

From a technical perspective, gold is struggling to break through the 3,385 USD confluence resistance zone. A rejection at this level could trigger a short-term pullback toward 3,330 USD or lower.

In my view, this is a healthy consolidation phase—not a reversal. Don’t underestimate the bulls. The long-term uptrenpullbacks may offer strate.

What about you—do you believe gold is gearing up for another rally? Drop your take below.
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