Gold: Bullish Momentum Builds Across Multiple Timeframes

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Gold is currently trading near support around 3243, with multiple timeframes indicating sustained bullish momentum:

🔹 30M Chart:
Moving averages are aligned in a bullish formation, support at 3243.

🔹 1H Chart:
Short-term MAs are expanding upward, showing signs of continuation. Watch for resistance at 3263.

🔹 2H Chart:
Support: 3241
Weak resistance: 3261
Strong resistance: 3305
Candlesticks show higher lows, suggesting strength in the bullish trend.

🔹 Technical Note:
There’s a gap between 3266–3272, which has a high chance of being filled today.

📌 Trading Plan (Asia & Europe Sessions):

✅ Buy on dips remains the primary strategy
🎯 First target: 3266–3272 (gap fill)
🎯 Second target: 3282
🎯 Final target: 3298–3326

Penafian

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