Gold on the Rise: What's Fueling the Increase?GoldOANDA:XAUUSDDaniellaLionForexHey everyone, what do you think about XAUUSD ? Gold has seen a strong rally in recent days, surging to its highest point in a month and breaking through the 3,400 USD/ounce mark on Thursday. This rise has been supported by the prolonged weakness of the US dollar, along with expectations that the Federal Reserve (Fed) will continue easing monetary policy. Currently, the precious metal is trading around 3,410 USD and maintaining its bullish momentum. The EMA 34 and 89 indicators are still supporting the buyers, and our strategy will prioritize buying as long as key support levels hold. With Fibonacci levels at 0.5 and 0.618, the target for the upside could be around 3,447 USD. This is a reasonable target based on the current setup, indicating that the bullish move remains solid in the medium to long term. What do you think? How will gold move, and what will the closing price be today? Feel free to share your thoughts in the comments!