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Resistance Retest – Breakout or Pullback in GOLD

Support Zone Holding Firm

The blue support area (2,880-2,860) has proven to be a strong demand zone, preventing deeper declines. If the price pulls back from resistance, this area could act as a solid rebound point.

Major Support to Watch

If the support zone fails, the next major level to watch is 2,772, where buyers might aggressively step in to defend the uptrend.

Trading Outlook:

Bullish Scenario: A breakout above 2,929 could trigger fresh buying momentum.
Bearish Scenario: Rejection at resistance may lead to a pullback toward the support zone (2,880-2,860).