📊 Gold Market Overview

Gold remains in a strong medium-term uptrend, supported by global economic uncertainty and central bank demand.

🔹 Key Drivers

US Dollar Movement Gold typically moves inversely to the US dollar. If the dollar weakens, gold tends to rise.

Interest Rates If the Federal Reserve signals rate cuts or pauses, gold usually benefits because lower rates reduce the opportunity cost of holding gold.

Geopolitical Tension Ongoing global instability continues to support safe-haven demand.

Central Bank Buying Countries like China and India continue increasing gold reserves.

📈 Technical Analysis

Trend: Bullish (Higher highs & higher lows)

Major Support: $2,000 – $2,050 zone

Resistance Area: $2,150 – $2,200 zone

RSI Indicator: Neutral to slightly overbought

If price breaks above resistance, next target could be new all-time highs.

If price drops below support, correction toward $1,950 possible.

🔮 Short-Term Outlook

Bullish Scenario: Above $2,150 → Target $2,250

Bearish Scenario: Below $2,000 → Target $1,950

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