XAU/USD: Bullish Momentum Confirmed – Targeting 3000+ on This Swing Setup

Market Overview & Fundamental Drivers

Good morning, traders! My focus remains firmly on XAU/USD, and the current market structure continues to reinforce my bullish conviction. Gold is trading robustly at 2941.38, showing a healthy 0.73% gain over the last 24 hours, adding 21.38 to its value. This sustained upward movement, with the day range holding between 2909.31 and 2973.44, clearly signals a dominant bullish trend.
From a fundamental perspective, the macroeconomic landscape provides solid tailwinds for gold. Persistent inflation concerns, coupled with simmering geopolitical tensions globally, are driving safe-haven demand. Central banks, while tightening, are also navigating a delicate balance, and any perceived dovish shift or economic uncertainty provides a strong bid for precious metals. This underlying support reinforces my outlook for XAU/USD to continue its