Gold – Bulls in Control, but Watch Key Support

Gold remains extremely volatile. After finding support around 3200 at the beginning of the month, the price surged nearly 2500 pips within just three trading days, reaching above 3400.

Currently, the price has pulled back and has tested the 3360 zone over night– a former resistance turned support.

Two Scenarios to Watch:

- Bullish Case: If 3360 holds, bulls could push for a retest of the 3500 zone.

- Bearish Case: A clear break below 3360 would confirm a lower high, potentially opening the door for a deeper correction back to 3270.

For now, I’m on the sidelines, waiting for more clarity around this critical support.

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