XAUUSD Technical & Fundamental Analysis: Gold Faces Critical $4800 Resistance Amid Volatility
Over the past three trading days, XAUUSD has shown notable volatility, recovering from lows near $4700 to close yesterday at $4765.46. Market sentiment was influenced by anticipated selling pressure from a Bloomberg Commodity Index reweighting. However, a ceasefire in the Middle East eased crude oil prices and inflation concerns, supporting gold’s rise as it attempts to hold above the $4800 level. For average investors, this highlights a tug-of-war between short-term correction risks and steady safe-haven demand, suggesting cautious positioning is advisable.


