GOLD NEXT MOVE

Bullish Breakout Potential:
Alternative Scenario: Instead of the bearish move toward the lower targets, the price might break through the strong resistance (highlighted at the "double top" area).

Trigger: A strong bullish volume surge could invalidate the resistance zone, leading to an upward breakout toward a potential new high, around 3,050–3,070.

2. Support Holding Strong:
Alternative Outlook: The "Target Breakout" support level may serve as a key reversal zone, forming a higher low. If buyers defend this level aggressively, it could lead to a trend reversal back to the top of the range.

Trigger: Bullish momentum around the support could push the price back toward 3,040 and invalidate the bearish arrow projection.

3. Sideways Consolidation:
Alternative Setup: The price might remain range-bound between 3,020 and 3,040 for some time due to market indecision, as traders assess macroeconomic factors (e.g., inflation, central bank moves).

Trigger: Lack of clear bullish or bearish momentum could lead to whipsaw action, trapping both buyers and sellers.