GOLD - Buyback of correction. Consolidation before rally XAU/USD SpotFX:XAUUSDRLindaXAUUSD is buying back the downward momentum, within which the market tested 5100 and consolidated above the level. A retest of 5200 is forming after Trump's speech. The market is assessing his rhetoric on tariffs and Iran The dollar is correcting from monthly highs amid continued expectations of a Fed rate cut. Increased risk appetite is also weighing on the USD. Trump's rhetoric during yesterday's speech kept pressure on the dollar and supported gold. Tomorrow, a new round of US-Iran talks will take place in Geneva. Risks of escalation are keeping demand for safe-haven assets high. Gold is maintaining its upward momentum thanks to the factors described above. Technically, the focus is on support: 5175, 5150, 5125. If the bulls keep the price above these levels, the growth will continue to 5238 - 5310. Resistance levels: 5238, 5310, ATH Support levels: 5176, 5144, 5122 Gold is consolidating above 5176, a breakout of local resistance could trigger a continuation of growth towards the resistance of the range. It is possible that the market may form a long squeeze at 5176-5144 before rising. Overall, the fundamental and technical situation is positive. Best regards, R. Linda!