GOLD FALL FROM THE RECORD HIGH AS TRUMP SOFTENS THE TONE

Gold is currently trading around the 4610 area after pulling back from recent record highs. The 4642 zone remains the nearest resistance, while 4573 is acting as an important support level. A sustained move below this support could expose a deeper short-term retracement toward the 4500 psychological area.

From a fundamental perspective, gold eased after U.S. President Donald Trump softened his stance regarding Fed Chair Jerome Powell and Iran, reducing immediate geopolitical and policy uncertainty. This shift in sentiment, along with profit-taking at elevated levels, has weighed on prices in the short term.

I’m monitoring how price behaves around these key technical levels to assess whether the pullback extends or stabilizes.