Gold Setting Up for a Retest Before Liftoff

Gold has been on fire lately, breaking out of a long sideways range and pushing higher. But don’t be surprised if we see a healthy pullback before the next leg up. Here’s why 👇

🌍 Geopolitics:
With global tensions still running high (Europe, Middle East, trade frictions), safe-haven demand for gold isn’t going away anytime soon.

📉 Bond Market:
U.S. bond yields are wobbly — and every time real yields soften, gold shines brighter. If yields continue to lose steam, gold could get even more fuel.

📊 COT Data:
Smart money (funds) is still heavily net long — over 214K contracts. Institutions are betting on the bullish trend sticking around.

📈 Technicals (Daily Chart):

We’ve broken out cleanly from resistance.

Expect a potential retest around 3450–3480 before the next push.

Upside targets: 3600+ in the medium term, and if momentum holds, maybe even 3700 in sight.

💡 Takeaway:
Gold is still bullish. A dip back into support could be the “buy the dip” opportunity before liftoff 🚀. Stay patient, don’t chase, and let price come to you.