Gold: Potential Bullish Surge or Bearish Correction?Gold: Potential Bullish Surge or Bearish Correction?
On the 60-minute chart, GOLD is forming a bullish pattern between 3067.50 and 3086.80.
If the price breaks above 3086.80, bullish momentum could strengthen significantly, with GOLD potentially raising to the 3100–3110 range in the short term.
On the other hand, if the price falls below the support level of 3067.50, there’s an increased possibility of a short-term bearish correction, pushing GOLD towards 3057, 3045, or even lower.
While the pattern looks bullish, the overall market picture remains complex.
It's essential to stay flexible and watch how the price develops further.
You may find more details in the chart!
Thank you and Good Luck!
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