Gold

Key insight

4,172 clears the prior 4,150 swing high — next technical resistance sits at 4,200 round number; momentum favours continuation while 4,100 holds on any intraday dip.

4,172 holds above the 4,100 round-number support — +1.38% on the day confirms bid tone as USD softens and real yields stay capped near cycle highs.

Main risk

USD reversal on strong US data

EUR/USD -0.3% today signals Dollar bid. A sustained DXY rally through 105 would pressure gold below 4,100 support.