Gold is expected to remain range-bound between 3160 and 3400 in the near term. A decisive breakout above the 3400 resistance level could signal the start of a new bullish phase, potentially establishing a higher high. However, if price action is rejected from this resistance zone, we may witness a retracement toward the next support level, suggesting a continuation of the current consolidation pattern.
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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.