Gold reignites the move - Giraffe Markets Gold Analysis from 9th to 12th July

Gold reignites the move—this time with conviction.

Giraffe Markets breaks down the XAU/USD surge and the key zones traders cant afford to miss this week.

📌 From July 9–12, gold rallied from ~$2,318 support, reclaiming the $2,340+ level despite ongoing Fed hawkishness and a steady dollar. Bulls are eyeing $2,355–$2,360 as the next ceiling.

💡 Momentum indicators show renewed strength—RSI climbing, MACD flipping positive, and price holding above the 50-day MA. Pullbacks to $2,325 and $2,318 could offer entries if momentum holds.

🔍 Whats inside the breakdown:

• Why this rally is gaining real traction compared to early July

• Critical upside targets and invalidation levels for MT5 traders

• How inflation cooling + global demand may tip the scales

📊 Let the price lead the story. Giraffe Markets gives you the tools, speed, and clarity to trade gold smart on MT5.