XAUUSD confirms interim bottom at 2970 after a false breakdown and as part of the escalating trade war, price is strengthening from support to the important medium-term level of 3054. 
Further dynamics will depend on the market reaction to the minutes of the March Fed meeting and the introduction of reciprocal tariffs between the US and China. The introduction of 104% duties on Chinese goods increases trade tensions, reduces investor confidence and supports the price of gold against the background of a weakening dollar. Even with the Fed's cautious rhetoric, gold may keep rising due to the escalating trade war.
The medium-term situation depends on the Fed (namely hints or actions on rate cuts), the trade war and negotiations on the situation in Eastern Europe
Resistance levels: 3054, 3077, 3099
Support levels: 3033, 3013 (0.5f), 2995
Since the opening of the session (the price has passed the daily norm) gold has exhausted the technical potential and the 3054 area may push the price down (false breakout). As part of a technical pullback, gold may test 3033 - 3013 before looking at upside attempts again.
Additional scenario: pullback to the fvg zone (0.7 - 0.79 fibo) before further growth.
Regards R. Linda!
Note
Gold may continue to rise after the breakout. That is, without a false breakout, as the fundamentals for the metal are only getting stronger:
China imposed retaliatory tariffs against the US up to 84%
Trade active
Trade closed: target reached
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