Gold price today is holding steady just below the $3,400 mark, consolidating recent gains as the market braces for the outcome of the Federal Reserve’s FOMC meeting. Despite minor losses, XAU/USD price action remains bullish, supported by geopolitical tensions, softening US Dollar impact on gold, and strong technical signals pointing toward a potential gold breakout.
The gold market weekly close at $3,430 fueled speculation of a gold bullish trend, with investors eyeing higher levels as tensions escalate in the Middle East. Iran’s threats of retaliation and the Gulf of Oman tanker fires have reignited interest in safe haven assets, making this the time to buy gold now.
Meanwhile, US President Trump’s early exit from the G7 due to the crisis and the emergency meeting of the National Security Council only add fuel to the fire. These developments are strengthening the gold momentum and boosting demand for XAUUSD as a hedge.
Market participants are now in wait-and-see mode ahead of the Federal Reserve’s policy decision, which will provide a clearer path for the US dollar and subsequently the gold price forecast.
Although the USD ticked higher in pre-market hours, lack of conviction signals potential downside if the Fed signals dovish intentions. A return to rate cuts in 2025 would likely push the dollar lower and trigger a XAUUSD trend continuation toward all-time highs.
While gold benefits from risk-off flows, it’s not alone — the U.S. Dollar (USD) is also being bid up as a global safe haven. A stronger dollar could slow gold’s upside momentum in the short term, creating friction near key resistance zones.
Despite this, gold’s strong technical breakout suggests the path of least resistance remains higher — at least for now.
From a technical analysis perspective, XAU/USD is trading inside a well-defined ascending trend channel. Support sits near $3,335, while immediate gold price resistance is seen at the $3,400 round level.
If bulls manage a daily close above this threshold, we could see a swift move toward $3,435 and a retest of the April high at $3,500—an essential XAUUSD target. Beyond that, we enter price discovery mode with potential for fresh record highs if gold breakout conditions are met.
Indicators are aligned in favor of bulls, and the presence of XAUUSD bullish candle formations on the daily chart supports the potential for trend continuation
Gold Trading Setup: Key Levels to Watch This Week
Gold price support: $3,335 – $3,340 (channel base)
Gold price resistance: $3,400 → $3,435 → $3,500 (psychological barrier)
XAUUSD forecast: Bullish bias remains intact above $3,335
Traders should monitor XAUUSD chart pattern formations around these levels. A break and close above $3,435 confirms bullish control, while a drop below $3,335 would risk a short-term bearish reversal.
Gold Price News: Volatility Expected as Markets React to Geopolitics and Fed
This week could be a turning point. With geopolitical tensions gold narrative heating up and the Fed in focus, the stage is set for explosive moves. Whether you’re a day trader, swing trader, or long-term investor, the XAUUSD analysis suggests this is not the week to sit on the sidelines.
Stay alert, stay informed, and stay gold.
Final Thoughts: The Gold Bull Run May Just Be Getting Started
The current gold trading setup is too compelling to ignore. With multiple tailwinds—from geopolitical unrest to potential Fed dovishness—gold price prediction models continue to support a retest and breakout of $3,500.
If you’re looking for the best gold signals and real-time XAUUSD analysis, follow trusted sources like GoldSniperVIP.com and stay updated through our daily price breakdowns.
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