Gold Forecast

Bullish Scenario
•If price holds above 3655–3661 zone, it could push up.
•Target is around 3670–3674 (purple + trendline confluence).
•That’s the “short-term bounce” area before rejection.

Bearish Scenario
•If price fails to break and sustain above 3670–3674, sellers are expected to take over.
•Breakdown below 3642–3635 zone confirms bearish pressure.
•Next demand targets: 3617 → 3614.
•This aligns with the black arrow pointing strong drop after rejection.
Bias: Bearish overall, but with potential short-term retracement up.
•Key Levels:
•Resistance: 3674 / 3684 / 3701
•Support: 3642 / 3635 / 3617 / 3614
•Plan A: Look for sell setup if rejection forms at 3670–3674.
•Plan B: If strong bullish breakout closes above 3684–3686, momentum may flip bullish toward 3700+.
This forecast shows two possible directions: either price bounces & breaks out higher, or it rejects and falls further. Wait for confirmation at these zones before entering.