Gold (XAU/USD) managed to reach a target of 2665 but faced a slight correction towards the 2628-33 range as anticipated. Current market conditions show support around 2621, which is pivotal for short-term movements. As long as trades maintain above this support level, there is potential for another bounce towards targets 2647 and 2665.

Traders remain cautious as they navigate through fluctuations fueled by profit-taking and adjustments to positions. Futures market activity reveals that gold’s stability against the backdrop of broader economic performance can shape future trends.

As market participants assess global conditions, maintaining an informed approach to trading gold remains crucial for maximizing potential gains.