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Gold Short Term Outlook

Gold has extended its recovery after reclaiming both the 50MA and 200MA, now trading just below the $3,341 resistance. Price has broken out of the short-term descending channel and is showing early signs of bullish continuation.
A confirmed break and hold above $3,341 would open the path toward the next resistance cluster at $3,356–$3,370, followed by $3,383.
If price rejects this resistance and pulls back, the $3,328–$3,313 area will be key to maintain the bullish structure. Below that, focus returns to the $3,300 level and the broader Support Zone.

📌 Key Levels to Watch

Resistance:
‣ $3,341
‣ $3,356
‣ $3,370
‣ $3,383

Support:
‣ $3,328
‣ $3,313
‣ $3,300
‣ $3,267
⚠️ It’s Friday! Stay sharp and manage your risk.

azgoldtrader

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