GOLD AT 5035 — SAFE-HAVEN VS FED PRESSURE !!

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GOLD AT 5035 — SAFE-HAVEN VS FED PRESSURE !!GoldOANDA:XAUUSDSroshMayiGOLD — Safe-Haven Support vs Hawkish Fed Pressure Gold remains supported by safe-haven demand amid ongoing geopolitical tensions in Iran. However, rising energy prices and a more hawkish Federal Reserve outlook are limiting upside momentum. Higher inflation expectations and elevated interest rates continue to increase the opportunity cost of holding gold, keeping gains in check. Technical Outlook • Price is attempting to test the 5035 level. • A 1H candle close above 5054 would confirm bullish continuation toward 5091. • A break above 5091 could extend gains toward 5124. • However, while trading below 5035, bearish pressure may push price toward 4987 and 4962. Pivot Line: 5035 Support: 5000 – 4987 – 4962 Resistance: 5054 – 5091 – 5124