GOLD Outlook: Bullish Above 3379, Correction Likely Below

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GOLD – Technical Overview

Gold maintains bullish momentum, driven by heightened geopolitical tensions in the Middle East, which are increasing safe-haven demand.

The price is approaching the pivot level at 3379. A confirmed 1-hour close above this level would likely extend the bullish trend toward 3393 and 3404.

However, if the price remains below 3379, we may see a short-term bearish correction toward 3364, potentially dipping as low as 3339 before resuming the upward trend.

Key Levels
• Pivot: 3379
• Resistance: 3393, 3404
• Support: 3364, 3339

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