Gold

Key insight

4,297 tests the $4,300 psychological ceiling; a daily close above flips it to support and opens $4,400+. Failure to reclaim it within 2–3 sessions risks a slide to $4,200 prior swing high turned support.

Holds above $4,250 round-number support after -0.72% pullback; structural bull trend intact with 200-day MA near $3,600 — dip-buyers historically active at these retracements.

Main risk

USD/Real-Yield Spike on Strong Jobs Data

Strong US payrolls or CPI print could lift 10-yr real yields above 2.5%, pressuring gold toward $4,150 Fib 38.2% support.