Gold bulish technical analysis

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1. Current Price & Trend: Gold is trading around $2,987.475, showing slight volatility.

2. Support & Resistance:
Support Area: Around $2,980 (marked in blue).
Resistance Area: Near $3,000 (marked in red).

3. Projected Movement:

Price is expected to retest the support zone around $2,980 before bouncing back.
A gradual upward trend with some consolidation is expected.
If the price holds above the support, it could rally toward $3,000.
A breakout above $3,000 could signal a further bullish move.

Forecast:

Bullish in the short term: If support holds, gold could rise toward $3,000.

Key Levels to Watch:

$2,980 (Support) → Holding above confirms a bullish move.
$3,000 (Resistance) → A breakout could indicate further upside potential.

Penafian

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