XAU/USD - Technical Analysis & Market Sentiment

📈 Bullish Bias

✅ Breakout Above Trendline Resistance - Signals bullish momentum shift. (+2)
✅ FVG Retest Holding Support - Price finding support in Fair Value Gap zone. (+2)
✅ Higher Low (HL) Formation - Structure favors continued upside. (+1)
✅ Potential Targets: 2,955.25 and 3,000.00 - If resistance at 2,956.29 is cleared, further upside is likely. (+1)

🔹 Total Bullish Score: 6

📰 Sources:

Gold Price Momentum & Breakout - XTB

Gold Market Structure & FVG - IFC Markets

📉 Bearish Bias

✅ Key Resistance at 2,955.25 - If price fails to break this level, rejection may occur. (+2)
✅ Fib Retracement Support at 2,871.07 & 2,833.29 - A deeper pullback is possible before continuation. (+2)
✅ USD Strength on Fed Rate Speculation - A strong dollar may cap gains for gold. (+1)

🔻 Total Bearish Score: 5

📰 Sources:

USD Strength from Fed Policy - Bloomberg

Key Resistance & Market Reaction - RoboForex

📊 Sentiment & Market Factors

📈 Central Bank Gold Demand (+ Bullish) - Institutional buying remains strong. Source📉 Stronger USD Weighing on Gold (- Bearish) - Fed rate expectations limit gold upside. Source📈 Inflation Hedge Demand (+ Bullish) - Rising inflationary concerns supporting gold. Source

📌 Final Bias: Slightly Bullish (Score: 6 vs 5)