Gold Holds Strong Trend as Sharp Extension Raises Pullback Risk

Gold remains in a strong uptrend, with prices around $4,421 more than 5% above the 50-period moving average. However, the rally is showing signs of fatigue: RSI has risen to 68.8, the MACD histogram has turned negative, and a rejection near $4,495 points to growing profit-taking pressure.

The broader trend remains bullish while prices hold above SuperTrend support near $4,344, but fading volume could make the market more vulnerable to a pullback after the recent advance.

Trader outlook: Gold remains structurally bullish, but the stretched price increases near-term correction risk. Traders may watch $4,495 for renewed upside momentum and $4,344 for signs that the current trend is losing strength, while upcoming U.S. inflation data could add volatility.