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Gold’s Next Move: Bounce or Breakdown?

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Gold is pulling back after breaking the 3,360 USD resistance on the 6-hour chart. Price is currently testing the nearest fair value gap (3,370–3,380), but upside momentum is stalling, partly due to unfilled supply zones above.

A retest of the lower FVG near 3,340 will be key. Holding above this level could trigger renewed buying, while a break below may invalidate the bullish structure.

Traders should closely monitor whether downside gaps continue to fill and how price behaves near support zones. Lack of strong liquidity could lead to a false breakout.

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