The Unstoppable Rise of GoldTechnical Analysis (XAU/USD):
Gold is trading around $3,816, showing continued bullish strength along the upward trend line. Price has respected higher lows, confirming buyers remain in control. Key short-term support levels are visible at $3,797, $3,759, and $3,718. As long as price stays above the $3,718 zone (major support), the bullish structure remains intact.
The chart indicates two bullish scenarios:
A direct continuation higher from current levels.
A potential retest of the $3,797 – $3,759 zone before another push upward.
Upside targets in the coming sessions stand between $3,860 – $3,900, with further momentum potentially extending beyond $3,925.
Fundamental Analysis:
Safe-Haven Demand: Persistent geopolitical uncertainties and global economic slowdown fears are keeping gold attractive as a safe-haven asset.
Central Bank Policies: If the Fed maintains a dovish stance or signals rate cuts, real yields may decline, further boosting gold.
Inflation Hedge: Despite cooling in some regions, sticky inflation supports long-term gold demand.
Central Bank Purchases: Record gold buying by global central banks continues to provide a solid floor under prices.
Conclusion:
Gold remains in a strong bullish phase, with technicals showing steady upward momentum and fundamentals reinforcing demand. Any dips toward $3,759–$3,718 may offer buying opportunities as long as the trendline holds, while the broader outlook points toward further gains.
