Gold (XAU/USD) Stalls at Weekly High, Faces Resistance Near $5,100

Gold (XAU/USD) is currently trading with minimal movement, holding steady at the upper end of its weekly range. The precious metal is encountering significant technical resistance just below February's peak, specifically around the $5,100 level. This key price point is effectively capping further immediate upward momentum for buyers. Market participants are observing a pause in the bullish advance as the asset tests this critical threshold. The current behavior suggests a period of consolidation rather than a decisive directional shift. Traders are closely monitoring whether XAU/USD can breach this resistance or if it will trigger a pullback.