XAUUSD: Navigating Profit-Taking Pullbacks with Key Support at $4450 Amid Market Uncertainty
Over the past three trading days, XAUUSD (Gold) experienced a pullback after attempting to hold above the $4500 level, retreating to around the $4450 support zone. Recent market news highlights profit-taking pressures and heightened uncertainty ahead of the US Non-Farm Payrolls (NFP) report. Geopolitical developments, including the US capture of Venezuela’s president, have bolstered gold’s safe-haven appeal, yet investor sentiment remains cautious. For average investors, the gold market is currently in a phase of ‘pause and watch,’ emphasizing critical support levels while awaiting key economic data.


