Gold Could Continue Rising If It Holds Above 4,615GoldOANDA:XAUUSDMian-FXSignals📊 Market Overview: XAU/USD is currently trading around 4,640 USD, after rising to a more than three-month high and reaching an intraday peak of around 4,656 USD. The upward momentum is supported by a weaker USD near multi-month lows, while markets await the US PCE inflation data and Fed Chair Kevin Warsh’s speech at Jackson Hole. In addition, concerns over the US fiscal outlook and tensions surrounding Iran continue to support safe-haven demand. 📉 Technical Analysis: Key Resistance: 4,655–4,665 and 4,690–4,705 Nearest Support: 4,625–4,615 and 4,595–4,580 EMA 09: Price is trading above the EMA 09, indicating that the short-term trend remains bullish. Candlestick / Momentum: The strong rally from the 4,450–4,500 area indicates that buyers remain in control. The formation of higher highs and higher lows reinforces the bullish momentum. However, XAU/USD is approaching the 4,655–4,665 resistance zone, so a short-term profit-taking pullback could occur before another move higher. 📌 Outlook: Gold could continue rising in the short term if it holds above 4,615–4,625 and breaks above 4,665, potentially targeting 4,690–4,705 next. 💡 Suggested Trading Strategy: 🔺 BUY XAU/USD at: 4,625–4,622 🎯 TP: 40 / 80 / 200 / 300 / 500 pips ❌ SL: 4,617