GOLD INTRADAY Bullish bias supported at 3392GOLD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area.
Key Support: 3392 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
3507 – initial resistance level
3557 and 3600 – medium to long-term bullish targets
If price finds support at 3392 and forms a bullish reversal, it would confirm the continuation of the uptrend toward the mentioned resistance levels.
However, a break and daily close below 3392 would invalidate the bullish scenario, suggesting deeper retracement toward 3347, with further support at 3294.
Conclusion
GOLD remains bullish above 3392. Look for a bounce from this level to confirm upside continuation. A daily close below 3392 would turn the outlook bearish, exposing lower support levels.
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