Gold 1 Hour Chart Analysis Bullish Breakout Above Neckline Targets ATH 3005, Support at 2950 Holds Strong

Gold traded around $2,980 per ounce on Monday, hovering near record levels, supported by strong safe-haven demand. Fresh geopolitical risks bolstered bullion prices after the U.S. stated it would continue strikes against Yemen’s Houthis until they stop attacks on shipping in the Red Sea.

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