Gold Holds Support – Is a Break Above $2,925 Coming?Yesterday, Gold pulled back from the 2,925 resistance zone, but the bulls regained control at support, leading to price consolidation.
As mentioned in my previous analysis, as long as Gold holds above support, the likelihood of a renewed bullish move remains high.
Currently, with the price hovering just below resistance, a breakout could be imminent.
Additionally, as shown in the posted chart, an inverted head and shoulders pattern is forming.
A confirmed breakout above 2,925 would validate this pattern, potentially driving Gold to a new all-time high.
The measured target for this pattern is 3,030, indicating further upside potential beyond the 3,000 level.
Keep in mind the old ATH as resistance and 3k psychological level
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