What's driving the movement today?

US‑Japan Trade Deal Boosts Risk Sentiment
The Trump administration struck a deal with Japan that eases certain tariffs, lifting overall risk appetite in Asian markets. That improvement weakened demand for safe-haven assets like gold, pressuring prices slightly 

Dollar Weakness & Lower Yields
Despite the sentiment shift, the US Dollar index remains soft (testing two-week lows) and US 10‑year Treasury yields have drifted lower. These factors act as tailwinds for gold 

Tariff Deadline Looms (August 1)
Markets remain cautious ahead of the August 1 US tariff deadline. Potential escalation could support gold’s safe-haven appeal 

Kiyosaki Alerts to Crash Risk
Robert Kiyosaki tweeted a bullish warning: “Bubbles are about to start busting,” suggesting a possible gold crash—though he said he’d buy the dip 

Short‑Term Outlook: Mixed Signals
Analysts expect a tight trading range this week, influenced by key US data, dollar flows, and Fed signals 

🧭 What it means for FX & traders
Volatility ahead: Watch macro catalysts—tariff updates, Fed commentary, and US economic data.

Support vs Resistance: A weaker dollar keeps upward potential firm, while any new risk-on news could drag gold lower.

Trade strategy: Intraday traders may benefit from fading sharp moves. Swing traders should monitor breakouts above $3,440 or drops below $3,400.