Gold: A Clear Path to New Highs – Position Long Setup Confirmed

XAU/USD: Bullish Momentum and Key Support Holds

My analysis on XAU/USD continues to highlight a robust bullish trend, and the current price action at 2935.95 only solidifies this conviction. We've seen a healthy 0.55% gain over the last 24 hours, adding 15.95 to its value, which is significant. Looking at the day's range, from 2912.02 to 2959.88, it's clear that the bulls are in control, consistently pushing prices towards the upper end. My entry for this position long setup is at 2928, a level I see as an excellent retest point within this established uptrend. This is a crucial area, as the market seems to be consolidating above the key support at 2912.02, which aligns closely with the bottom of yesterday's range. The data is compelling; institutional order flow suggests continued accumulation around these levels, preventing any significant downside.

Fundamentals Bolstering Gold's