Gold recently showed a strong reversal from the support zone, catching many short-sellers off guard and triggering a wave of short covering. This move has injected fresh bullish momentum into the market.
However, the key area to watch is the 3374 zone. A clean breakout and sustained move above this level would confirm a bullish continuation, possibly targeting the next resistance levels around 3400
On the other hand, a rejection at 3374 could lead to a pullback toward the previous support around 3342, where bulls may attempt to regain control.
Let see how the price will plays Out Thanks for Understanding.
If You Like this idea if You Have Opnonin about this analysis share in Comments.
However, the key area to watch is the 3374 zone. A clean breakout and sustained move above this level would confirm a bullish continuation, possibly targeting the next resistance levels around 3400
On the other hand, a rejection at 3374 could lead to a pullback toward the previous support around 3342, where bulls may attempt to regain control.
Let see how the price will plays Out Thanks for Understanding.
If You Like this idea if You Have Opnonin about this analysis share in Comments.
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Get access to free signals, market updates, and multiple Services - all in one place!
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