On the weekly timeframe, XAUUSD continues to show a strengthening trend that started early this year. Gold prices have risen from 2013.52 in January to reach 2516.12 earlier this week. Despite several trend reversals, strong bullish momentum continues to dominate, taking gold prices well above the kumo cloud, indicating the strength of the uptrend. However, if we look at the stochastic conditions that have been in the saturation zone due to being overbought, there is a possibility that a trend reversal could occur. However, the dominant bullish pressure still allows gold to regain further strength, especially if there is a supportive fundamental or technical push.