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Gold resumes its record breaking journey above $3000.

Gold prices continue to register gains, hitting a fresh record high of $3017 on Tuesday's trading session. Investors flock to this safe haven asset amid geopolitical tensions unfolding in Gaza. Ending the Gaza truce, Israel continues to wreak havoc on Hamas with its deadly airstrikes killing many. Adding to this, economic uncertainties and trade war fears stemming from Trump's policies are lending support to the yellow metal.

Gold rose for the second consecutive session this week. Traders now assess the possible outcomes of upcoming Fed meet on Wednesday. From technical perspective, RSI stands at 70.99, slightly in the overbought territory signaling a modest pullback in the price however the major sentiment still remains bullish.

Gold Structure: Breakout from Inside Bar on Daily, Flag Breakout on 4hr, Ascending Triangle Breakout on 1hr.

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

Weekly Trend: Extreme Bullish

Major Resistance: 3034, Undefined

Major Support: 3005, 2995, 2982