XAU/USD: First Short,Then Long (detail in caption)

Gold continues its upward surge as geopolitical tensions and U.S. trade policy shifts spark increased demand for safe-haven assets. The recent tariff escalation against China, paired with global uncertainty, is fueling bullish sentiment. All eyes now turn to the U.S. CPI release later today, which could inject further volatility into the market.

Technical Setup:
The recent rally has brought gold close to key resistance levels, with buyers currently in control. Momentum remains strong as long as prices hold above the key pivot zone.

Bullish Scenario: Holding above 3135 / 3096
→ Upside Levels to Watch: 3135, 3168, and 3180
A breakout and sustained move above 3135 would signal continuation toward higher resistance zones, possibly retesting or breaking the all-time high.

Bearish Scenario: Break and close below 3110 on the 4H chart
 → Downside Targets: 30102, 3085, 3072
Failure to hold the pivot could invite profit-taking and lead to a deeper correction.

Key Zones:
Major Resistance: 3135 → 3168 → 3180
Support zone : 3102 → 3085 → 3072