$XAU /USD is likely to trade in a range near $4,950–$5,050, with direction driven by U.S. inflation and jobs reports. A sustained move above $5,050–$5,100 would reinforce bullish momentum, while failure may keep prices oscillating with high volatility.
Medium term: Structural factors central bank demand, real asset diversification, and safe-haven flows still underwrite a positive bias for gold through 2026, even if short-term corrections persist.
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XAUUSDT
Perp
4,920.16
-3.24%