Gold is currently consolidating beneath a major resistance zone after a strong bullish advance. Price has shown some rejection around the 4,350–4,360 area, leading to a short-term pullback. ]

Technically recent selling pressure appears to be profit-taking rather than a confirmed bearish reversal. As long as buyers continue to defend the current support area, this pullback could provide an opportunity for the next bullish expansion. Traders should closely monitor price action for a strong rejection from support and renewed buying momentum.

From a technical perspective, a decisive break and close above 4,350–4,360 could further bullish strength. Such a breakout may open the path toward 4,380, followed by the major psychological resistance around 4,400–4,405. a successful breakout and retest of the key level would provide stronger confirmation for continuation.

On the downside, caution is warranted if gold loses its immediate support and breaks below the rising trendline. A confirmed bearish breakdown could trigger a deeper correction toward 4,320, followed by 4,300 and 4,280. Until the bullish structure is decisively broken, the broader bias remains positive, with buyers maintaining control above key support levels.

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