Gold to Rebound? Technical Outlook Amid Weak USD and Fed Policy

Looking at the recent gold chart, I see a slight bounce reflecting some optimism in the market. However, the current resistance level remains a major challenge that gold has not been able to overcome decisively. Following the comments from Fed officials on rate cuts, I see a possibility of a weaker USD, which could support gold prices in the near term.

Technically, I am looking at the nearest support levels and the possibility of gold rebounding from those levels. Indicators such as the EMA are also showing a slight uptrend, but more evidence from the market is needed to confirm a sustainable long-term uptrend.
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