Chart alert: Gold (XAU/USD) potential bullish breakout above $4,900
Key takeaways Gold positioning for breakout: After rebounding ~18% from March lows, gold is consolidating below the $4,900 resistance (near the 50-day MA), with technicals suggesting a potential bullish breakout if this level is cleared. Macro tailwinds improving: Rising odds of Fed rate cuts, a weakening US dollar, and declining US real yields are reducing…