### **Key Elements in the Chart:**
1. **Current Price**: The gold price is at **$3,022.790**, with a **-0.71% decline**.
2. **Support Zone**: Around the **$3,000 level**, marked in light blue.
3. **Resistance Zone**: Around the **$3,040 - $3,060 level**, highlighted in red and light blue.
4. **Target Price**: The anticipated target is near **$3,060**, marked with a blue label.
5. **Moving Average**: A dark blue curved line represents a **moving average**, possibly the 200-period MA.
6. **Price Action Forecast**: The blue arrows suggest a potential **short-term retracement to support**, followed by a **strong upward movement towards resistance**.
This analysis suggests a possible **buying opportunity near support** or a **breakout play** above resistance.
1. **Current Price**: The gold price is at **$3,022.790**, with a **-0.71% decline**.
2. **Support Zone**: Around the **$3,000 level**, marked in light blue.
3. **Resistance Zone**: Around the **$3,040 - $3,060 level**, highlighted in red and light blue.
4. **Target Price**: The anticipated target is near **$3,060**, marked with a blue label.
5. **Moving Average**: A dark blue curved line represents a **moving average**, possibly the 200-period MA.
6. **Price Action Forecast**: The blue arrows suggest a potential **short-term retracement to support**, followed by a **strong upward movement towards resistance**.
This analysis suggests a possible **buying opportunity near support** or a **breakout play** above resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.