Gold at the Crossroads: A Smart Market Snapshot

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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

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