IS $XAU GOLD ABOVE $5300 A NEW BEGINNING OR A LOCAL TOP? š°š
Gold just broke $5,300/oz, marking a fresh all-time high as a weaker USD and rising safe-haven demand fuel momentum.
For bulls, 5300 could be a launchpad if macro uncertainty and Fed expectations stay supportive.
For bears, this level may act as temporary resistance, opening the door for a pullback if momentum cools or the dollar rebounds.
The trend is strong ā but the next move depends on Fed signals, global data, and sentiment.
Stay sharp. The market decides soon.
XAUUSDT
Bezterm.
5,211.79
-5.65%