Post #4255

🪙GOLD H1 – Technical & Fundamental Outlook 💡 Gold has regained strong upside momentum, currently trading near $3,685 after breaking out of the descending trendline. The short-term structure remains bullish, with eyes set on the $3,700–3,750 zone as the next major target. 📊Technical Perspective • Price successfully broke the short-term downtrend, shifting intraday momentum back to the bulls. • The $3,660–3,670 range is now acting as key support, reinforcing buyer control. • A sustained move above $3,690 would likely accelerate price toward $3,720 → $3,750. 📰Fundamental Drivers • Ongoing U.S. Dollar softness as markets increase bets on a potential Fed rate cut later this year. • Safe-haven demand persists amid global geopolitical tensions, keeping gold well-supported. • Declining U.S. real yields add to the bullish backdrop, aligning with technical momentum. 📈 As long as $3,660 holds as support, the short-term bias favors continuation to the upside. A decisive break above $3,700 could open the door toward $3,750 in the coming sessions. ⚡️ShadowTraderFX Insight: Technical structure and fundamentals remain in alignment, creating a high-probability bullish scenario — but traders should stay alert for upcoming U.S. data releases that may drive volatility. ⸻ ✉️ Follow @SHADOWTRADERFX for professional setups, daily insights & real-time market updates