Spot Gold (XAU/USD) if Close Above $3,400 Next Target Price $3,462——$3,500——$3,542 (Buy on Dips). The metal’s price holds in steep and accelerating uptrend for the fourth consecutive month, adding to signals of possible much stronger than expected gains in the near future.
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Gold’s rally to $3,400 has captured the market’s attention, but overbought conditions and bearish divergences signal potential headwinds. Traders should monitor technical indicators and key levels closely, as the next few sessions could determine whether gold continues its ascent or faces a correction. Stay informed with real-time market updates to navigate this dynamic landscape.
Key Levels to Watch
The $3,400 level is the immediate focus for gold traders. A decisive break above this resistance could open the door to $3,462 or higher, with limited technical barriers in sight. Conversely, failure to sustain above $3,400 may see gold retreat to support levels around $3,330 or $3,307. These zones have previously acted as consolidation points, offering opportunities for buyers to re-enter.
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