Good morning, dear traders! 🌟 Do you know what the most valuable and safest investment metal in the world is? Yes, of course—it’s gold! ✨Today, we bring you a detailed XAUUSD trading analysis and signal. Let’s dive into the insights without any delay! 📊📉📈

Today’s Gold (XAUUSD) Market Technical Analysis: All-Time High Breakout & Potential Bullish Continuation

Gold (XAUUSD) has reached a new all-time high, signaling strong bullish momentum in the market. Furthermore, the precious metal has been in a consistent uptrend, steadily respecting a rising trendline and continuously forming higher highs. Now, the price is showing signs of a potential retracement before resuming its upward move.

Gold Technical Overview

All-Time High Breakout:

• XAUUSD recently broke above its previous all-time high, further confirming a strong bullish trend.
• Moreover, the breakout is supported by high trading volume, which clearly indicates solid market interest.

Fair Value Gap (FVG) & Support Zone:

• A Fair Value Gap (FVG) is present, which could act as a retest zone before the next upward movement.
• A key support zone aligns with the FVG and the rising trendline, making it a critical area to watch.

Possible Price Action:

• If Gold retraces to the FVG and holds support, it may resume its uptrend toward $2,820 and higher.
• A break below the support zone could lead to further downside correction, but the overall bullish structure remains intact.

Fundamental Factors Driving Gold’s Rally

Inflation Concerns & US Core PCE Data:

• The upcoming US Core PCE Price Index, a key inflation measure, could impact Gold’s price.
• Higher-than-expected inflation numbers may boost Gold as investors seek safe-haven assets.

FOMC & Interest Rates:

• FOMC Member Bowman’s Speech could provide insights into the Federal Reserve’s rate policy.
• If the Fed signals a pause or rate cuts, Gold could continue its bullish trajectory.

Geopolitical & Economic Uncertainty:

• Global instability and economic risks continue to support demand for Gold as a hedge.

Trade Setup for XAUUSD

🔼 Bullish Scenario:

• If Gold retraces to the FVG and trendline and holds above $2,770 – $2,780, we could see a strong bounce.
• Next Target (TP): $2,820 – $2,850

🔽 Bearish Risk:

• A break below $2,750 could lead to a deeper retracement, but the bullish trend remains dominant.

Conclusion

Gold is in a strong bullish trend after breaking its all-time high. A retracement to the FVG and support area could present a new buying opportunity before the price moves higher. Traders should watch the US Core PCE data and FOMC statements for further confirmation.

💬 What’s your outlook for Gold? Do you see $2,850 coming soon? Comment below!