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From the price level of 3368 and above, gold is expected to pull back at least until the Stochastic on the M30–H1 timeframes reaches oversold levels.
After that, a bullish continuation is likely, pushing the price up to around 3400.
This area will be a critical decision point — determining whether the market will continue its uptrend or reverse into a downtrend.
If the H4 chart prints a reversal candlestick pattern, it would indicate the beginning of a bearish trend, which could potentially lead to a downward movement of up to 20,000 points.
