Gold has emerged from its December wedge pattern with strong bullish momentum following the U.S. presidential transition. The precious metal has decisively broken above significant resistance at $2,721, marking an end to its recent period of indecision and stagnation. Technical analysis, supported by MACD momentum indicators, suggests a healthy uptrend with $2,800 as the next major target. While the long-term outlook remains uncertain and strong resistance may emerge at higher levels, traders are actively seeking entry opportunities on both daily and 4-hour timeframes during any potential pullbacks.