XAUUSD Forming Ascending TriangleGoldOANDA:XAUUSDAndrewsMarket-MasteryXAUUSD has successfully broken above the strong consolidation zone around 3440–3480, confirming a bullish breakout from the ascending triangle structure. This breakout signals strong momentum, as price has been building higher lows for months and finally cleared resistance with aggressive buying. The current level around 3596 shows bullish continuation with buyers in control. From a fundamental perspective, gold is gaining support as US dollar strength eases and investors anticipate potential rate cuts from the Federal Reserve later this year. Increasing geopolitical tensions and rising demand for safe-haven assets are also fueling bullish sentiment. Market expectations of lower yields continue to drive capital flows into precious metals, reinforcing this breakout setup. The technical structure highlights that as long as price sustains above the broken resistance zone, we can expect momentum to push toward 3700–3800 levels in the coming weeks. The bullish candle structure and clean breakout signal confirm strong institutional buying. Traders should monitor pullbacks to support zones as potential re-entry opportunities. Overall, gold remains one of the most attractive assets in current market conditions. With both technical and fundamental factors aligned, this breakout on the 12H chart offers a high-probability continuation setup. Maintaining proper risk management remains essential as volatility could increase around economic releases.