Gold steadied as traders balanced softer global growth signals against sticky core inflation and a firm but range-bound dollar. Real yields remain the swing factor: dips in yields supported bids into the European open, while stronger US data later today could cap rallies.

Flows: safe-haven demand is two-sided—persistent but selective—while CTA positioning remains light after recent whipsaws.

Levels: market watchers are focused on nearby resistance from last week’s highs and initial support at prior breakout zones. A clean close above resistance would keep the buy-on-dips bias intact; failure to hold support risks a retest of the recent base.

Playbook:
• Favour buying shallow pullbacks if real yields ease; fade strength only into defined resistance.
• Keep size modest into US data; watch DXY and 10y breakevens for confirmation.
• Geopolitical headlines can add topside spikes—use staggered entries and clear invalidation.