Gold is back in the spotlight, recently surpassing $3,650/oz and now hovering between $3,630 and $3,660. The rally is fueled by rising expectations that the U.S. Federal Reserve could cut interest rates sooner than expected, alongside a weaker dollar and softer U.S. jobs and inflation data.
Key technical zones: support is seen around $3,620–$3,630, while resistance sits near $3,675–$3,700. If gold can stay above support, a move toward the $3,700 mark is on the table. However, overbought indicators hint at the possibility of a short-term pullback before any significant breakout.