Gold (XAUUSD) has rebounded from key support levels, with a strong structural confirmation suggesting bullish continuation. The move has opened the path toward 3,374, and a confirmed breakout above this level would expose the next major resistance at 3,420.
On the macro side, softer U.S. PMI data and moderating Treasury yields have weakened the U.S. dollar, thereby reviving demand for gold as a safe-haven asset. These developments, coupled with ongoing global growth concerns, continue to support the bullish momentum in gold prices.
On the macro side, softer U.S. PMI data and moderating Treasury yields have weakened the U.S. dollar, thereby reviving demand for gold as a safe-haven asset. These developments, coupled with ongoing global growth concerns, continue to support the bullish momentum in gold prices.
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