Gold Next Target: $5300

Gold (XAUUSDT) is moving higher due to strong safe-haven demand, a weakening US Dollar, and expectations of future interest rate cuts. Ongoing geopolitical and economic uncertainty is pushing investors toward precious metals as a secure store of value. From a technical perspective, Gold has successfully bounced from a strong support zone and is now trading above key moving averages, indicating that buyers are in control of the market and momentum remains bullish in the short term.

If this bullish structure continues, Gold has the potential to extend its rally toward the next major resistance zone between 5200 and 5300, representing an upside move of nearly $300 from current levels. A confirmed breakout above 5200 could open the path toward 5300 in the coming sessions. As long as price holds above its recent support, the overall trend remains positive, and further upward continuation is possible with sustained buying pressure and volume confirmation.