#CelebratingNewYearOnGateSquare Gold remains in a structurally bullish trend, supported by persistent geopolitical uncertainty, central bank accumulation, and expectations of eventual monetary easing. After a strong impulsive rally, price action is now consolidating near key resistance, suggesting a potential breakout setup rather than immediate exhaustion.
On the daily timeframe, GOLD is trading above its 50-day and 200-day moving averages, confirming medium- to long-term bullish momentum. Buyers continue to defend higher lows, forming an ascending structure. Immediate resistance sits near th