$XAU Gold is trading with a slightly bullish bias, supported by safe-haven demand and expectations of lower interest rates.
Immediate resistance is around $3,350–$3,370; a break above this zone could trigger fresh buying momentum.
Key support lies near $3,300–$3,280, where buyers are expected to defend the trend.
Momentum indicators remain mixed, suggesting consolidation before the next major move.
As long as gold holds above support, the outlook remains neutral to bullish, but traders should watch upcoming economic data for volatility.
#PBOCSetsOvernightLiquidityRateBelowForecasts #XAU
Immediate resistance is around $3,350–$3,370; a break above this zone could trigger fresh buying momentum.
Key support lies near $3,300–$3,280, where buyers are expected to defend the trend.
Momentum indicators remain mixed, suggesting consolidation before the next major move.
As long as gold holds above support, the outlook remains neutral to bullish, but traders should watch upcoming economic data for volatility.
#PBOCSetsOvernightLiquidityRateBelowForecasts #XAU