Gold Struggles for Direction as Dollar and Yields Stay Firm

Gold remains at a critical technical level while holding above the 4450 support zone, even as Treasury yields stay elevated and the U.S. dollar remains firm above 99. Price action is now testing a key descending trendline, making the next move important for determining whether gold enters a bullish reversal or resumes its broader correction.

A sustained move above the 4650 resistance area could revive bullish momentum toward 4765 and potentially the key 5000 psychological level. However, if gold breaks below 4450 support, selling pressure could accelerate toward 4300 , with a deeper decline toward 4100 possible if buyers fail to stabilise the market. Rising bond yields continue to act as a major headwind for gold.

XAU/USD Daily Chart