Gold's Bullish Momentum: A Calculated Long Position Targeting Further Upside

Current Market Assessment & Fundamental Drivers

Good morning, KoraFX community. Let's delve into XAU/USD, which has certainly been a focal point on my watchlist lately. Looking at the current data, Gold is trading robustly at 2940.73, marking a respectable 24-hour gain of 20.73 points, or 0.71%. The overall trend, as we can clearly observe, remains bullish, with the day range oscillating between 2909.63 and 2971.84. This consistent upward trajectory isn't just a fleeting technical move; it's underpinned by significant fundamental drivers.
Consider the following: the persistent geopolitical tensions globally continue to fuel safe-haven