GOLD UPDATE – Market Consolidating Below Key Level

XAUUSD GOLD UPDATE – Market Consolidating Below Key Level

Gold prices are currently consolidating just below the critical range. This behavior suggests a potential downside move toward the 3300 / 3295 support levels if the price fails to hold above nearby resistance.

🔹 Technical Outlook:

If the market manages to consolidate above 3340, we can anticipate bullish momentum to potentially targeting 3365 and 3400

However, a weak reaction around 3295 could lead to another retest of the 3275 zone, but likely within a selling pressure environment.

You may see more details in the chart Ps Support with like and comments for better analysis.