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GOLD A Technical Bullish Range Formed

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Gold Price Outlook

Gold is currently consolidating in the 3220–3230 range, forming a potential breakout zone. A 1HMcandle close above 3232 would likely signal a bullish breakout, opening the door for an upward move.

Bullish Scenario

A confirmed breakout above 3232 could push prices towards the first resistance zone at 3245.50, and potentially extend towards the next major resistance at 3280.40.

For a sustained bullish outlook, price must stabilize above the 3230 level.


Key Levels to Watch

Resistance: 3245 / 3280
Support: 3205 / 3190

Failure to break and hold above 3230 may lead to continued range-bound movement or a test of lower supports.

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