Your thoughts on XAU today?

Gold (XAU/USD) is currently in a mixed phase, balancing between safe-haven demand and pressure from a strong dollar and interest rate expectations. Short-term direction depends on key support levels. If buyers step in, a rebound is possible; otherwise, further downside may occur. Traders are watching economic data and global tensions closely, as both can quickly shift momentum and drive gold’s next move.
 
Gold, like other commodities, is under huge pressure due to the US-Iran war. I cannot predict whether it will go up or down today, but it can sure go down significantly lower in the medium term (1 month) if the war isn't concluded.
 
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