Gold Consolidation resuming the bullish trend.

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Gold Consolidation resuming the bullish trend.GoldOANDA:XAUUSDMrMartin_11Gold is trading inside an ascending channel and currently rebounding from the lower boundary. Price has recently broken above a minor resistance and is showing bullish momentum. Gold prices rose on Wednesday as renewed geopolitical tensions increased risk aversion, lifting demand for safe-haven assets. Investors are also awaiting the minutes from the Federal Reserve’s latest policy meeting and the delayed U.S. jobs report for further clues on the central bank’s interest-rate trajectory. From a technical perspective, gold remains bullish, continuing its push to the upside. Yesterday, price recovered strongly and moved up to test resistance. Investors are now watching for a bullish breakout—if price breaks above the 4100 level, a sharp rebound toward 4122–4152 is likely. For now, focus remains on the current trading range. There is still a possibility that price may pull back to retest support before resuming the bullish trend. You may find more details in the chart. Trade wisely best of Luck Buddies. Ps; Support with like and comment for better analysis Thanks for Supporting.