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Despite this short-term pullback, gold price action shows strong bullish momentum driven by geopolitical tensions and fluctuating policy signals from the Trump administration. Fed Chair Powell\u2019s recent warning about a possible stagflation scenario adds to concerns, supporting long-term gold demand. According to Powell, the Fed\u2019s dual goals of controlling inflation and supporting employment could increase market uncertainty.<\/p>\n
Moreover, the World Gold Council reported $21 billion in Q1 gold ETF inflows, the second-highest quarterly figure, with $8.6 billion recorded in March. This reflects strong investor interest in gold as a hedge. Meanwhile, US 10-year Treasury yields fell by two basis points to 4.395%, reinforcing the bullish case for gold. Despite the current correction from record levels, the price action remains bullish and points to further upside.<\/p>\n
The daily chart for gold shows that the price broke the key level of $3,350 within the ascending broadening wedge pattern. However, due to overbought market conditions, the price reversed from the $3,500 resistance and formed a bearish hammer at that level. Gold is now consolidating around this resistance line but remains bullish, supported by trade uncertainty and global tariff concerns.<\/p>\n<\/div>\n
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[ad_1] Despite this short-term pullback, gold price action shows strong bullish momentum driven by geopolitical tensions and fluctuating policy signals from the Trump administration. Fed Chair Powell\u2019s recent warning about a possible stagflation scenario adds to concerns, supporting long-term gold demand. According to Powell, the Fed\u2019s dual goals of controlling inflation and supporting employment could increase market uncertainty. Moreover, the World Gold Council reported $21 billion in Q1 gold ETF inflows, the second-highest quarterly figure, with $8.6 billion recorded in March. This reflects strong investor interest in gold as a hedge. Meanwhile, US 10-year Treasury yields fell by two basis points to 4.395%, reinforcing the bullish case for gold. Despite the current correction from record levels, the price action remains bullish and points to further upside. Gold (XAU) Technical Analysis Gold Daily Chart \u2013 Resistance of $3,500 The daily chart for gold shows that the price broke the key level of $3,350 within the ascending broadening wedge pattern. However, due to overbought market conditions, the price reversed from the $3,500 resistance and formed a bearish hammer at that level. Gold is now consolidating around this resistance line but remains bullish, supported by trade uncertainty and global tariff concerns. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":44094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-44093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t