GOLD – Is the Next Run Toward $3,000 Coming?

After reaching all-time highs near $2,950, gold has lost some momentum, leading to a consolidation toward $2,830. But what comes next?

Technical Outlook: Key Support or Further Pullback?

Two critical support zones are now in focus:
✅ $2,830 – A potential turning point for a renewed upward move.
✅ $2,745 – A deeper support level that serves as a final line of defense for the uptrend.

With strong demand for gold still intact, the long-term bullish outlook remains in place. Buying opportunities near these support zones could offer attractive setups.

Short Scenario? Only for Active Traders

A short position remains off the table for me, as the overall trend is still bullish. However, the consolidation phase may create tradable price swings, offering short-term opportunities for active traders.

Conclusion

As long as gold remains above the key support levels ($2,830/$2,745), the path toward $3,000 remains open. Traders should closely watch price action at these critical zones.

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