GOLD Rebounds from Key Support - Is 3,310 the Next Target?

is reacting from a significant demand zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key support zone, suggesting the potential for a bullish reversal as buyers regain control.

The current market structure confirms that price has already bounced from this demand zone, signaling a potential shift in momentum. If this bullish reaction sustains, the market may continue higher toward the 3,310$, which represents a logical target within the current structure. However, a break back below this demand zone would invalidate the bullish bias and could lead to further downside.

This setup reflects the potential for a continuation after the confirmed rejection, supported by both historical demand and the current rebound structure.

If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!

DanieIM

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DanieIM

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