Safe-Haven Flows Boost GoldGoldOANDA:XAUUSDDaniellaLionForexHello everyone, what are your thoughts on XAUUSD ? Yesterday, as expected, gold surged strongly and is now holding its bullish momentum, trading around $3,385 in Wednesday’s Asian session after bouncing from a low of $3,367 — a move of more than 200 pips. Gold gained after the USD weakened following President Trump’s unexpected decision to dismiss Fed Governor Lisa Cook, prompting safe-haven flows into gold. At the same time, signals from Fed Chair Powell about a potential rate cut further support the bullish outlook, as gold typically benefits in a lower interest rate environment. From a technical perspective, gold remains in an uptrend, with price holding above key EMAs and trendline support. Current pullbacks appear healthy, consolidating strength for the broader bullish structure. As long as this structure is intact, short-term upside momentum remains dominant. The key levels to watch from a broader technical perspective are $3,400, and above that, $3,415 comes back into play. Looking ahead, the market will closely watch the U.S. PCE inflation report on August 29, a key gauge for the Fed’s policy direction. Expectations of a policy shift could weigh further on the USD and provide additional support for gold. Meanwhile, rising geopolitical risks worldwide continue to position gold as a leading safe-haven asset. Follow me for more updates! Don’t forget to like this post and share your thoughts in the comments. Good luck!