XAUUSD: Breakout Ahead with Bullish Long-Term Gold Forecast

The XAUUSD pair is showing a wedge pattern, signaling a potential upward breakout. My current speculative position is based on the expectation of continued dovish Fed policies and a shift of liquidity to gold, influenced by rising TLT prices. While this specific trade is speculative, my long-term view is bullish, anticipating gold prices to exceed $3000 in the next 4-5 years. The backdrop of a high U.S. national debt, looming recession risks, and declining consumer credits in the current geopolitical and economic landscape makes gold appear undervalued. The approach includes trading futures and buying call options, with a particular focus on movements around the upcoming Fed meetings.