Gold H4 Technical update and key levels bulls/bears

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📊 Technical Outlook Update H4

🏆 Bull Market Overview
▪️stuck in range for now
▪️overhead resistances will limit upside
▪️Bears key S/R: 3410/3460 USD
▪️Bulls key S/R: 3160/3240 USD
▪️Expect range price action
▪️Focus on selling high / buying low
▪️volatility likely to remain low
▪️next few weeks as no major headlines

⭐️Recommended strategy
▪️short high and buy low
▪️detailed price levels above
▪️right now no trade recommended

Latest gold market updates:

📈 Gold surges as renewed tariff threats and geopolitical tensions drive safe-haven demand.
💳 Fiscal concerns escalate after the U.S. credit rating is downgraded, increasing investor interest in gold.
📊 Analysts identify $3,300 as a crucial support level, with strong buying interest keeping prices elevated.
🔮 Major banks project gold to surpass $4,000 per ounce within the next year, citing robust demand from both investors and central banks.
💍 Record gold prices prompt jewelry designers to shift toward 14-karat gold and alternative materials to control costs.
📉 Gold jewelry demand in India continues to decline due to high prices, while investment gold purchases rise.
🌍 Central banks, especially in emerging markets, sustain gold purchases to hedge against currency volatility and inflation.
🛡 Gold maintains key support above $3,200 despite market volatility and profit-taking pressures.
📈 Leading investment banks remain bullish, forecasting significant upside for gold through year-end.
💰 Gold is currently trading near $3,358 per ounce, reflecting ongoing volatility and global economic uncertainty.
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