"Today's gold market witnessed a refreshing surge, propelling prices back to the $2,200 mark in the early hours of the Asian trading session this Wednesday. This revival comes amidst the ongoing resilience of the U.S. dollar and a rebound in U.S. Treasury yields, drawing investor focus towards the latest hawkish remarks from the Federal Reserve.
The short-term technical outlook leans favorably towards buyers, suggesting that 'buy-the-dip' strategies might persist.
With the bullish flag still waving, gold sets its sights on a measured objective at $2,251 USD.
Before reaching this milestone, gold must first firmly reclaim the $2,200 level on a daily closing basis. Breaching this threshold puts the record high of $2,223 USD within the realm of possibility."
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