Gold

Key insight

4,265 digests a -0.69% pullback inside a bull trend; next resistance is the $4,300 round level. A daily close above it opens $4,400. USD strength is the near-term headwind — watch DXY, not gold-specific news.

Holds above $4,200 round support despite USD strength (+0.7% JPY, EUR -0.7%) — structural bid from central bank buying and debt-ceiling anxiety keeps the uptrend intact above the 50-day MA at $4,150.

Main risk

USD Strength / Real Yield Spike

EUR/USD -0.7% and USD/JPY +0.7% today signal broad dollar demand; a sustained DXY rally above 106 risks a flush to $4,100 support.