Gold Price Analysis: Breakout Above 3,367 — Eyes on 3,430

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Gold has shown strong bullish momentum, breaking above the key resistance level of 3,367 and currently trading around 3,382. 

Image Source Pexel.com

This breakout indicates renewed buying interest and could signal further upside potential in the short term.

Technical Indicators:

  • RSI (Relative Strength Index): Currently at 61, suggesting there’s still room for further upward movement before entering overbought territory.

  • MACD (Moving Average Convergence Divergence): The signal remains positive, supporting the ongoing bullish trend.

What’s Next?
If Gold manages to break above the 3,400 level, it could retest the 3,430 resistance zone. Traders should keep an eye on price action around this level for confirmation of continued bullish strength or signs of a potential pullback.

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