Gold’s rally is supported by strong fundamentals, including global geopolitical uncertainty, sustained central bank purchasing, and a weakening USD , which reinforce its long-term safe-haven appeal. However, near-record levels suggest that profit-taking could be imminent; technically, the price is testing significant resistance around the 3,230–3,250 zone, and if it fails to break higher, a short-term correction toward the support area between 3,100–3,000 is likely. Conversely, a decisive close above 3,250 would favor the continuation of the uptrend.
Targets: 3176, 3128 , 3290
Targets: 3176, 3128 , 3290
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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.