The chart suggests a potential bullish trend in gold if the pric

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1. Current Price & Performance

Current Price: $3,322.690

Change: -19.870 (-0.59%)



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2. Technical Levels

Resistance Level: Around $3,260

Price has tested this level several times since March and has bounced upward, forming a support-turned-resistance.


Support Level: Around $3,440

Marked as a target area, implying it's the next level where price might move toward if the bullish momentum continues.




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3. Bullish Signal Zone

The area marked with:

"Turn to bullish candle": Indicates a potential reversal or bullish breakout area around $3,260–$3,280.

Price appears to have formed a bullish candlestick pattern at this zone, suggesting a possible move upward.




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4. Projection

A blue upward arrow suggests the expected bullish move, targeting around $3,400–$3,440.

This aligns with previous resistance areas (now acting as support).

Penafian

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