Happy Friday dear traders, Today we are come with XAUUSD Market analysis and signal on the basis of technical and fundamentals. Let’s we dive into the analysis without delay.

🚀 XAUUSD (Gold) Breaks Bullish Flag – More Upside Ahead?

XAUUSD (Gold) has been displaying strong momentum, recently surging above and successfully retesting a bullish flag formation. This breakout reinforces the potential for a continued upward trajectory, with buyers eyeing the key $2,880 resistance zone as the next major hurdle. If bullish pressure persists, we could see an extended rally, driving prices toward new highs.

🔹 A key driver behind gold’s strength is China’s aggressive gold purchases for the third consecutive month, despite record-high prices. According to Bloomberg, China’s central bank has continued expanding its gold reserves, reaching an all-time high in 2024. This fundamental factor supports further upside momentum in gold prices.

📊 Technical Outlook on Gold (XAUUSD)

Bullish Flag Breakout: XAUUSD broke above the flag pattern, signaling bullish momentum.
Support Retest: The breakout was followed by a retest, confirming support before further upside.
Fibonacci Levels: The price is holding above key Fibonacci retracement levels, reinforcing bullish structure.

🎯 XAUUSD Trade Idea – Targeting 2880!

📈 Buy XAUUSD
✅ Entry: Above 2865 (confirmation of the breakout)
🎯 Target: 2880 (next key resistance)
🔴 Don’t forgot to manage risk.

🌍 Fundamental Factors to Watch

China’s Gold Demand: A key factor driving gold’s price action.
US Dollar & Interest Rates: Lower rates could further support gold’s rally.
Geopolitical Uncertainty: Safe-haven demand remains strong for gold investors.

📢 What’s Next for Gold?

All eyes are on US labor market data at 13:30 GMT. A weaker-than-expected report could fuel further gold upside as the USD weakens.
Do you expect gold hit 2880+ soon?
Drop your thoughts in the comments below! ⬇️