Gold's Next Move: Retest or Correction?

Gold has been following a steady trend over the past week but has now broken it, indicating a potential shift in momentum. Traders should watch key levels closely as market dynamics evolve.

Scenario 1: Gold may retest the trendline before continuing its upward move to reach our target of 2770, with a potential break above 2777.

Scenario 2: The price could undergo a deeper correction towards the 2733-2730 zone before resuming its bullish momentum towards our target.

The overall market trend remains strongly bullish, so we should focus on buying opportunities in line with the trend.

Note: Always conduct your own analysis before making any trading decisions.