Gold will see a correction before resuming its upward trend. This pullback is not a result of a fundamental shift in the factors driving gold's appeal. Inflation remains stubbornly high, geopolitical risks are escalating globally, and central banks, while hinting at potential interest rate cuts, are not in a hurry to change course. Consider it a necessary pause to allow the market to digest recent gains. We've seen a strong rally, and profit-taking is inevitable.
Levels to watch are crucial. A break below [3284] could signal a deeper correction, but I expect strong support around [3284]. This area should serve as a launching pad for the next leg up. Smart investors will use this dip to accumulate more gold at a better price. Don't sell in a panic; this is a compelling buying opportunity. The long-term thesis for gold remains very much intact.
Levels to watch are crucial. A break below [3284] could signal a deeper correction, but I expect strong support around [3284]. This area should serve as a launching pad for the next leg up. Smart investors will use this dip to accumulate more gold at a better price. Don't sell in a panic; this is a compelling buying opportunity. The long-term thesis for gold remains very much intact.
Trade closed: target reached
Target reach 3284. the view for next move changed to down trend. check next analysis for more details 
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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.