Gold (XAUUSD) — what’s really going on right now 🤔? I’ve been seeing the price bouncing between $5,000–$5,100 for several weeks. Yesterday it dipped to $5,035, and when the Asian session opened this morning, it jumped again—plus the Stoch RSI is already in the Overbought zone.

What I’m interested in is that the PBOC has been continuously buying gold into its reserves—15 straight months! Total: 74.19 million ounces. Does this mean China is trying to escape from the dollar? 😅 Meanwhile, Scott Bessent (U.S. Treasury Secretary) came out blaming China for price manipulation. You can clearly see the growing tension between the Fed and the President. As the dollar weakens, gold becomes even more appealing to hold.

Looking at the hourly chart: the EMA crossed upward for the first time in weeks. The price is holding above $5,000 well, but the RSI is still several points away from Overbought. This means gold still has room to run higher. If it breaks above $5,093, the next targets are $5,300–$5,400—not too difficult.

But be careful! Improved Iran-US negotiation news has caused funds to rotate out of gold into stocks (S&P 500 is surging). It’s just a shakeout—washing out new hands. Gold’s fundamentals are still strong. Inflation remains. Geopolitical risk is still hot.

Price analysis strategy for XAUUSD in the days ahead: If the price spikes above $5,093, keep watching. If it breaks below $4,960, don’t panic. There’s support at $4,921 again, but don’t trade without a definite Stop Loss. Volatility is still extremely high. Midweek NFP and CPI data will be the key drivers. If you’re holding gold long-term, just hold—no need to be afraid.