Gold Market Update (Bullish Scenario)
The gold market is currently exhibiting a bullish pattern, establishing a strong demand zone.
Entry Point: 3320 ideal level where buying interest is strong.
Target: 3380 potential upside target as price gains momentum.
Support/Resistance Level: 3287 previously a resistance, now acting as key support.
Key Observations:
If gold maintains above 3287, bullish momentum is likely to continue.
A break below 3287 could invalidate this bullish setup and invite selling pressure.
Traders should watch for confirmation signals (like bullish candlestick patterns or strong volume) near 3320 to enter long positions.