After a strong bullish leg, gold is currently in a natural correction phase.
We're now sitting right on the 50% Fibonacci retracement of the previous move. If the bullish momentum remains intact, this level could act as a solid re-entry point and fuel the next upward push.
However, a deeper retracement into the OTE zone (around 3260–3250) remains possible if the market needs to gather more liquidity before continuing higher.
🔍 Key levels to monitor :
3280-3275 → mid-retracement (current zone)
3260-3250 → deeper OTE support if momentum fades
3340-3360 → target zone if buyers take back control
This is a healthy consolidation in a bullish context. Let's see how price reacts in the next few hours 👀
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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.