Gold Trade Setup Analysis

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Gold has reached a significant resistance zone near $2,702, as shown in the chart. This level has previously acted as a strong barrier, and we can expect a potential short-term pullback from here.

If the price follows this bearish move, it may target the support zone around $2,659–$2,640 before finding renewed bullish momentum.

Once the pullback is completed, gold is likely to aim for the broader upside target of $2,800, aligning with the overall bullish trend.