Gold holds steady as US-Iran nuclear talks and trade tensions shape outlook

The 4-hour chart shows XAU/USD forming a base above the $5,100 handle. The near-term bias appears mildly bearish to neutral, though the broader uptrend remains intact as prices continue to print a sequence of higher highs and higher lows since bottoming near $4,400 following the sharp correction from record highs around $5,598.

The Relative Strength Index (RSI) has eased toward the mid-50s after retreating from overbought territory above 70, signaling fading upside momentum.

Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains in negative territory, with the MACD line below the Signal line, pointing to a corrective pullback rather than a confirmed trend reversal.

Initial support is seen at $5,100, with a break below exposing the 100-period SMA near $5,025. A sustained move beneath this level could pave the way toward deeper support around $4,850.

On the upside, immediate resistance stands at $5,200-$5,250. A decisive break above this barrier would be needed to revive bullish momentum and potentially open the door toward the $5,500 region.