Interesting to see $XAUUSD maintaining its ground above the 4100 level despite the slight bounce in the dollar. The recent geopolitical tensions seem to be providing a floor. Is this sustainable or just a temporary flight to safety?
I'm leaning towards temporary. Volume doesn't seem to suggest a significant paradigm shift, just cautious positioning.
Good point about the dollar bounce, but the gold strength is hard to ignore. Could this be a new normal for XAUUSD pricing?
Sustainable depends on how long the 'geopolitical tensions' last. If they ease, we could see a quick retrace.
I think it's more than just a temporary flight. The underlying demand for safe haven assets remains strong with all the uncertainty.