GOLD Under Pressure | Key Level 4665 in Focus

GOLD (XAUUSD) | Technical & Fundamental Outlook

Gold is expected to remain highly volatile, driven by escalating geopolitical tensions after Iran rejected the ceasefire proposal.

This keeps the market in a risk-driven environment, where direction depends heavily on headlines:

Continued escalation → supports bearish pressure
Any deal / de-escalation → supports bullish recovery

Technically:
The market is currently trading around the pivot level at 4665:

As long as price remains below 4665, the downside is expected toward 4584 → 4545
However, a move above 4665 would shift momentum to bullish, targeting 4710 → 4730, and further extension toward 4790

Key Levels:
Pivot Line: 4665
Support: 4610 – 4584 – 4545
Resistance: 4710 – 4730 – 4790