Can XAU/USD Defend the $4,950 Floor Amid “President’s Day” Volatility? | Metals Mine

  • Can XAU/USD Defend the $4,950 Floor Amid “President’s Day” Volatility?

    From fxleaders.com

    Gold faces an important week, caught between long-term optimism and short-term selling. After reaching record highs near $5,600 in January, prices are now challenging buyers in the $4,970 to $5,020 range. With U.S. markets closed for Presidents’ Day and China’s Lunar New Year ending, gold could either break out or see a bigger pullback. Fundamental Drivers: Why the Bull Case is “Sticky” Although gold looks overbought in the short term, its long-term support is stronger than it has been in years. 1. Central Bank “Bazooka” Buying Central banks are still the main support for gold prices. In 2026, they are ... (full story)

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