XAUUSD UPDATE...

↪️GOLD is trading in an Uptrend but the price is auctioning in a Bullish pennant chart pattern, which is indicating a sheer volatility contraction ahead of Fed’s preferred inflation tool. Gold bears aren’t off the table as central bankers remain ready for more rate hikes, if needed to tame the inflation woes. Technically, The price is about to retrace back to the support area around the 1960_70 level and the bullish reaction will follow-up. Therefore we are bullish On Gold and we are expecting It to test the 2000 area...Trade safe 👍✅