Gold (XAU) prices ended the week near $4,120 after rebounding from the key $4,000 support area as higher oil prices, inflation concerns and rising Treasury yields limited the recovery. In my view, gold may remain under pressure in the range of $4,000-$4,200 in the short term but the broader bullish structure keeps the target in focus once the correction is complete. This article discusses the macro risks, economic signals, central bank demand and the key price levels that may determine the next major move in gold.
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