XAU/USD – Bullish Momentum in Play!

Gold continues to show strength, with potential to test new highs around $2,950–$2,960.

📍 Optimal Buy Zone: $2,928–$2,932
🎯 Upside Targets: $2,950–$2,960

📊 Trading Plan:
🔹 Technical Outlook:

Price remains above key moving averages (50 & 200 EMA), confirming bullish sentiment. 📈
RSI holding above 60 suggests strong momentum, but watch for overbought conditions. 🔄
Breakout above $2,940 could trigger further upside toward resistance at $2,960.
🔹 Fundamental Drivers:

Geopolitical tensions & inflation concerns support gold as a safe-haven asset. 🌍
Fed’s monetary policy & economic data (CPI, NFP) could impact price action. 🏦
USD strength/weakness and bond yields remain key factors to watch. 💵
✅ Wait for price confirmation (bullish candlestick patterns or breakout retest).
🛡️ Implement strict risk management – set SL below $2,925 to limit downside.
📊 Stay updated on macroeconomic events & technical setups for trade adjustments.

🔹 Trade wisely & stay disciplined! 🚀