Daily gold bias
Clear bias for XAUUSD based on price action and key zones.
The US dollar rose after a three-day decline, thanks to growing investor confidence in the Fed's independence, anticipation of Kevin Warsh's speech in Sintra, Portugal, and the realisation that the situation in the Middle East must be taken seriously. The US is attempting to de-escalate the conflict and has announced talks, but Iran insists on maintaining control over the Strait of Hormuz.