Xauusd gold market Wher going

The XAU/USD gold market is exhibiting bullish momentum and is trading at its highest level in over a week, surpassing $2,350. This is driven by several factors, as outlined in the analysis and news reports:

1. **Positive Bias and Technical Indicators**: The gold price has a mild positive bias, with technical indicators turned higher within positive levels, although with limited upward strength.
2. **Support and Resistance Levels**: The pair is holding above the 23.6% Fibonacci retracement of the April/May rally at $2,326.50, which is a relevant support level. Resistance levels are at $2,356.90, $2,367.10, and $2,381.40.
3. **Market Sentiment**: The overall market sentiment is neutral to bullish, with buyers adding longs and technical indicators suggesting a potential for a firmer advance.
4. **Central Bank Purchases and Geopolitical Risk**: There is a rising demand for gold from robust over-the-counter market investments, consistent central bank purchases, and safe-haven flows amid Middle East geopolitical risk, which act as a tailwind for XAU/USD.

Based on these factors, the XAU/USD gold market appears to be on an upward trend, with potential to challenge its record high at $2,431.40. However, it's important to note that this analysis is based on current market conditions and can change with new information or events.