Gold

Key insight

$4,270 consolidation after a major run — bull trend holds while price stays above $4,200 round support; a close above $4,300 resistance targets $4,400 next.

Holds above $4,200 round number despite mild -0.38% pullback; USD/JPY rising to 158.9 adds headwind, but structurally gold's multi-year uptrend remains intact above the 200-day MA near $3,800.

Main risk

USD/JPY surge above 159

USD/JPY at 158.9 and rising pressures gold; break above 160 could push XAU/USD below $4,200 key round support.