Price stands firm near all-time peak amid geopolitical risks, US political uncertainty. Gold price attracts dip-buyers and draws support from a combination of supporting factors.
The US political uncertainty and Middle East tensions underpin the safe haven xauusd.The easing monetary policy environment offsets rising US bond yields and also offers support. Price continuosly moving in a impulse correction phase after every impulse move a correction phase started. Price after wave 3 a 50% retracement is already done. Now wave 5 is already completed and May some more dip can create more opportunities in coming days.