Gold maintains bullish control, aiming to retest fresh record high

Gold rebounded from the key $4300 support zone, which had successfully contained declines over the past three sessions, and is on track for a fourth consecutive daily close above this level, reinforcing the positive outlook.

Renewed demand is driven by growing market expectations for additional Fed rate cuts, keeping the price supported as it approaches the near-term congestion top at $4353, the final hurdle before testing the all-time high at $4381.

Ongoing geopolitical uncertainty, including stalled Ukraine peace talks and unresolved issues surrounding frozen Russian assets, continues to underpin the bullish sentiment.

Daily technical studies remain positive, though overbought conditions may temper the pace of further gains.

Res: 4353; 4381; 4400; 4425
Sup: 4325; 4300; 4271; 4255