Gold is currently showing upward movement after taking support from the established trend line, indicating that buyers are still active at lower levels. However, for the past several hours, the market has been trading within a defined range-bound zone, with a clear support level at 3384 and resistance at 3405. This consolidation phase suggests that neither buyers nor sellers have yet taken full control, and price is oscillating within these boundaries. Traders should closely monitor price action and wait for a decisive breakout above resistance or a breakdown below support, as this will provide a clearer signal for the next significant directional move.
DYOR
DYOR
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