XAUUSD H8 - Long Signal

XAUUSD is currently in proximity to the resistance level at 2035. A decisive breakthrough above this threshold holds the potential to rekindle bullish sentiment, especially in correlation with the anticipated decline in DXY, aligning with our earlier analysis.

While keeping a watchful eye on the unfolding market dynamics, it's worth highlighting the identified support zone at $2000/oz for its evident strength and confluence. The upcoming events, particularly the release of NFP, AE, and UE data, are likely to play a pivotal role in shaping the market trajectory. Until then, we remain attuned to the unfolding developments, expecting a more pronounced market response post the release of key economic indicators.