Gold is currently trading at $2,629 per ounce, stabilizing within its ascending channel after recent volatility. The metal remains supported by geopolitical tensions and safe-haven demand, while stronger U.S. bond yields and the dollar cap gains.
In the short term, resistance at $2,654 and support at $2,584 are critical levels. A breakout above resistance may lead prices toward $2,680, while a dip below support could trigger a decline toward $2,560.
The broader uptrend remains intact, with gold continuing to attract investors amid global uncertainties. Traders should monitor upcoming U.S. economic data and Federal Reserve signals for further direction.