Technically, Gold (XAUUSD) has completed a classic 5-wave impulse followed by an ABC corrective structure within a well-defined falling wedge—a strong bullish reversal pattern. The recent breakout above the wedge and the key support-turned-resistance zone around 3280 confirms bullish momentum, targeting 3400 and beyond. Fundamentally, increasing geopolitical tensions and dovish signals from the Fed are supporting gold as a safe haven, with expectations of rate cuts adding further upside pressure. As long as price holds above the breakout zone, buyers remain in control.