Gold bullish breakout support at 3308The Gold remains in a bullish trend, with recent price action showing signs of a continuation breakout within the broader uptrend.
Support Zone: 3308 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 3308 would confirm ongoing upside momentum, with potential targets at:
3387 – initial resistance
3400 – psychological and structural level
3435 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 3308 would weaken the bullish outlook and suggest deeper downside risk toward:
3290 – minor support
3268 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the Gold holds above 3308. A sustained break below this level could shift momentum to the downside in the short term.
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