Gold

Key insight

4,335 holds above prior ATH zone; next technical resistance is the 4,400 round number. Bull trend intact while price stays above 50-day MA near 4,180 — dips are buy zones, not exits.

4,335 clears all-time high territory — Silver +1.6% confirms broad metals bid; USD/JPY 155.3 and flat EUR/USD signal no dollar headwind to cap the move.

Main risk

Hawkish Fed pivot / real yield surge

Surprise Fed rate pause with upward dot revision could spike 10-yr real yields, pulling gold back below 4,200 fast.