#CelebratingNewYearOnGateSquare Gold remains in a structurally bullish trend, supported by persistent geopolitical uncertainty, central bank accumulation, and expectations of eventual monetary easing. After a strong impulsive rally, price action is now consolidating near key resistance, suggesting a potential breakout setup rather than immediate exhaustion.

On the daily timeframe, GOLD is trading above its 50-day and 200-day moving averages, confirming medium- to long-term bullish momentum. Buyers continue to defend higher lows, forming an ascending structure. Immediate resistance sits near the recent swing high zone. A decisive daily close above that level would likely trigger continuation toward the next psychological target area.

Momentum indicators show slight cooling but no confirmed bearish divergence yet. RSI remains in bullish territory, meaning dips are still likely to be bought. Volume patterns suggest accumulation on pullbacks rather than distribution at highs.

Trade Setup:

Bullish Scenario:
Entry on breakout above recent high with strong volume confirmation.
Targets: First target at the next round number resistance, second target near the previous macro extension zone.
Stop-loss: Below the last higher low or below breakout retest support.

Pullback Strategy:
Buy near key support (previous breakout zone / 50-day MA area) if price forms bullish rejection candles.
This offers better risk-to-reward if breakout momentum is delayed.

Bearish Scenario (Invalidation):
If GOLD breaks below its ascending structure and closes under major daily support, expect a deeper correction toward the 200-day MA. That would shift bias neutral short-term.

Fundamental Drivers to Watch:
• US Dollar strength/weakness
• US bond yields
• Federal Reserve policy expectations
• Global geopolitical tensions

Overall Bias: Bullish above key support. Dips remain buying opportunities unless structure breaks. Patience is required near resistance — wait for confirmation rather than chasing extended candles.$XAUT