Gold is experiencing a record breaking spree ahead of core PCE Index

Gold has surged past $3,080 region hitting a new all-time high as investors flock to safe-haven asset amid rising economic uncertainty. The remarkable upsurge is being driven by concerns over President Trump’s auto tariffs and potential retaliatory trade measures, which are weighing on global markets. Furthermore, a weaker stock market is propelling  investors to turn to Gold as a hedge. 
Market participants  are closely watching today’s PCE Price Index data, the Federal Reserve’s preferred inflation gauge. If inflation comes in cooler than expected, it could impact Fed rate-cut expectations and further influence gold’s trajectory. 

XAU/USD TECHNICAL OVERVIEW 

Gold remains highly bullish with a daily NR3 breakout, a parabolic advance on the 4H and a bullish flag on the 1H. The RSI is holding strong at 77.60 although slightly in overbought territory while key moving averages confirm bullish trend, providing dynamic support. 

Gold Structure: Breakout of NR3 Candle on Daily, Parabolic Advance on 4hr, Bullish Flag on 1hr.

Intraday Strategy/ Intraday Trend: Buy on Supports, Buy on Breakouts/ Bullish

Weekly Trend: Extreamly Bullish

Major Resistance: 3086, Undefined

Major Support: 3069, 3061, 3055