Gold breaks Upside:- weekly forecast

*Gold Trading Forecast Based on Chart Analysis*
**Current Market Overview:**
- **Gold Price:** $2,973.21 (as per chart)
- **Trend:** Uptrend within a rising channel
- **Recent Pattern:** Breakout from consolidation zone (highlighted in beige)

**Support & Resistance Levels:**
- **Immediate Resistance:** $3,000 (psychological level & upper channel boundary)
- **Major Resistance:** $3,100 - $3,200 (upper boundary of the blue trend channel)
- **Immediate Support:** $2,915 (recent consolidation base)
- **Strong Support Levels:**
- $2,823 (marked in red, potential pullback zone)
- $2,740 (blue support level)
- $2,611 (major support zone, lower boundary)

**Forecast & Trading Strategy:**
1. **Bullish Scenario (Breakout Above $3,000)**
- If gold crosses $3,000 with volume, it may rally toward **$3,100 - $3,200**.
- A confirmed breakout could trigger further bullish momentum.

2. **Bearish Scenario (Rejection at $3,000)**
- If gold faces rejection near **$3,000**, a pullback towards **$2,915 - $2,823** is likely.
- A break below **$2,823** could push gold toward **$2,740**.

3. **Consolidation Possibility**
- Gold may trade between **$2,915 - $3,000** before a breakout.

**Trading Plan:**
- **Long Position:** Above $3,000 targeting $3,100 - $3,200.
- **Short Position:** If price rejects $3,000, targeting $2,915 - $2,823.
- **Stop Loss:** Below $2,823 for long trades, above $3,010 for short trades.