📊 Product: XAU/USD 📈 Prediction: Increase ⚫ Fundamental Analysis: Gold prices are rising above $2,600 early Tuesday, supported by increasing geopolitical tensions between Russia and Ukraine and a pullback in the U.S. Dollar. After falling to a two-month low of $2,536, Gold rallied over 1.80% at the week’s start, with XAU/USD currently trading at $2,610. Wall Street shows mixed sentiment, with two major U.S. indices gaining while others fluctuate. Reports indicate President Biden has authorized Ukraine to use long-range missiles against Russia, affecting the Dollar, which fell about 0.38% to 106.27. This week’s U.S. economic schedule includes housing data, Jobless Claims, and S&P Global Flash PMIs. ⚫ Technical Analysis: Gold prices have resumed their upward trend since November 14, when a 'hammer' candle pattern signalled a potential rebound. After rising above the October 10 swing low of $2,603, buyers are now targeting the 50-day SMA at $2,653, with further resistance near $2,700. A breakout above this level could lead to the November 7 high of $2,710. Conversely, if prices fall below the November 14 swing low of $2,536, traders will first encounter support at the 100-day SMA at $2,547. If both levels are breached, the next support would be at $2,500. The Relative Strength Index has moved away from neutral, indicating bearish momentum that could result in further declines for XAU/USD.