Gold Price Outlook – Trade SetupGold / U.S. DollarFOREXCOM:XAUUSDATFX_Global📊 Technical Structure Gold (XAU/USD) is trading near $3,693, bouncing from the support zone at $3,688–$3,685. The chart highlights a bullish continuation setup, with price action aiming towards the resistance zone $3,703–$3,707. The strong rebound from support underlines sustained buyer interest, while momentum remains positive above $3,685. 🎯 Trade Setup Entry: $3,688 – $3,685 (near support rebound) Stop Loss: $3,684 (below support) Take Profit: $3,703 / $3,707 (resistance zone) Risk/Reward: ~1 : 4.98 🗝️ Key Technical Levels Resistance Zone: $3,703 – $3,707 Support Zone: $3,688 – $3,685 Major Resistance Above: $3,716 all-time high Key Support Below: $3,672 🌐 Macro Background Gold remains supported after the Fed’s recent 25 bps rate cut, its first of 2025, which reflects rising concerns about labour market softness. While Fed Chair Powell stressed a cautious “meeting-by-meeting” approach to further easing, markets still expect additional cuts this year, reducing the opportunity cost of holding non-yielding assets like gold. Meanwhile, geopolitical tensions—ranging from Russia’s intensified military actions in Ukraine to persistent conflicts in the Middle East—continue to bolster gold’s safe-haven appeal. However, traders remain attentive to upcoming Fedspeak for fresh signals on policy direction, which could add volatility. 📌 Trade Summary The technical setup favours a long entry around $3,685–$3,688, targeting the $3,703–$3,707 resistance area. The bias stays bullish above $3,685, but a break below could signal a deeper retracement towards $3,672. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.