By analyzing the gold chart on the 4-hour timeframe, we can see that after our last analysis, the price corrected down to $3341, then rallied back up to $3399. Currently, gold is trading around $3373, and if it manages to hold above $3355, we can expect further upside movement.
Potential bullish targets are $3400, $3417, $3450, and $3468.
Potential bullish targets are $3400, $3417, $3450, and $3468.
Note
Our current bias on gold remains bullish as long as the price holds above the key level of $3355. The recent correction to $3341 was short-lived, and the sharp rebound toward $3399 suggests continued buyer interest at lower levels.The $3355 zone now acts as a key support — holding above it could trigger further momentum toward our short-term targets at $3400, $3417, $3450, and $3468. A break and close above $3400 would strengthen the bullish structure and may attract additional momentum traders.
Keep an eye on market sentiment and DXY movement, as both could influence short-term volatility in gold.
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