GOLD PRICE ACTION: IS $2,800 JUST THE BEGINNING
🔥 **Bull Run Alert**: Gold is knocking on the door of a major resistance zone at **$2,786**. A breakout here could catapult prices toward **$2,844**—a level not seen in months!
💡 **Key Highlights**:
1️⃣ **Strong Uptrend**: With the price trading above the 44-day SMA, bulls are firmly in control.
2️⃣ **Resistance Battle**: Gold is testing $2,786. A decisive breakout here may signal **all-time highs** are within reach.
3️⃣ **Support Zone**: If rejected, $2,720 offers a cushion for the next rally, while $2,583 is the safety net for buyers.
📈 **For Bulls**: A close above $2,786 opens the path to $2,844 and possibly higher.
📉 **For Bears**: A rejection could bring a pullback to $2,720—offering short-term opportunities.
🌟 **Today’s Takeaway**: Keep your eyes on the breakout! This battle between buyers and sellers could determine the next BIG move for gold.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.