GOLD → Consolidation before continued growth. Trigger 3863

XAUUSD is consolidating in the range of 3837.8 - 3863.7, preparing for its seventh consecutive week in positive territory. Despite a correction from a record high of $3897, the metal remains supported by a combination of the Fed's dovish policy and geopolitical risks.

Key supporting factors: Expectations of Fed easing: Dovish sentiment continues to fuel interest in gold. Geopolitical tensions and tougher G7 sanctions against Russia. The ongoing shutdown is delaying the release of US data, increasing uncertainty.
Important: If markets ignore the shutdown, gold may face a correction.
US services data (ISM Services PMI) and Fed speeches: May adjust rate expectations.

Resistance levels: 3863.7, 3900
Support levels: 3853, 3837, 3825

Focus on the current consolidation range of 3863 - 3837. Before attempting a breakout, a retest of support may form within the consolidation. The trend remains bullish, as does the sentiment at the moment.

Best regards, R. Linda!