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Gold 27.3.2025
General Trend:
Gold continues to rally strongly, approaching the resistance level at 3059.02. The current move is supported by clear bullish momentum on the 4H chart.
Expected Scenario:
Bullish Scenario:
- A clear breakout above 3059.02 could drive the price toward 3080.00 and then 3100.00.
Bearish Scenario:
- If the breakout fails, a pullback toward 3021.65 is likely.
- Breaking 3021.65 could lead to deeper losses toward 3006.18 and 2997.91.
Key Levels:
Resistances: 3059.02 – 3080.00 – 3100.00
Supports: 3021.65 – 3006.18 – 2997.91
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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