XAUUSD: A New Launchpad from the 3,700 ZoneGoldOANDA:XAUUSDShadowReaper_Hello traders, the gold market is entering an intense phase as U.S. economic data signals a slowdown. The Flash Manufacturing PMI (51.8 vs. 53.0 prior) and Flash Services PMI (53.8 vs. 54.5 prior) both declined, weakening the USD and providing momentum for gold, the ultimate safe-haven asset. On the chart, XAUUSD continues to move within a steady ascending channel, with the 3,700 zone acting as a key support level. If this level holds, gold could push higher toward the 3,750 target, which stands as both a technical resistance and a strong psychological barrier. However, the spotlight remains on Fed Chair Powell’s upcoming remarks. A dovish tone could fuel a breakout for gold, while a hawkish stance may trigger a short-term pullback before resuming the broader uptrend. Bottom line: Gold has the advantage, and the big question is – does XAUUSD have enough momentum to conquer 3,750 and ignite a powerful new rally?