XAUUSD: Bulls Are Ready to Break Out!

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XAUUSD: Bulls Are Ready to Break Out!GoldOANDA:XAUUSDParadise_NoirGold is showing a powerful comeback as both fundamentals and price action are shifting in favor of the bulls. Global investors are betting that the reopening of the U.S. government and the full release of economic data will pave the way for the Fed to cut interest rates next month. In an environment of economic uncertainty and rising expectations of monetary easing, gold naturally becomes a highly attractive safe haven. On the chart, the uptrend remains clear as XAUUSD continues to trade steadily within its ascending channel. Recent pullbacks have been purely technical, not signs of a reversal. The nearby support around 4,090 is acting as a crucial launching zone. As long as price stays above this area, the bulls remain firmly in control. In the short term, the next key target is 4,240, where the market will likely test the true strength of bullish momentum before deciding the next leg. If you're waiting for a clear trend signal, gold is showing exactly that: the bullish pressure hasn’t stopped—every dip is simply creating another opportunity for buyers to step in.