Gold Gap Up But Range Remains Intact

The price is still facing resistance at that key 3385 level we talked about in our weekly analysis video. This 3385 level is our monthly pivot (marked with the red arrow), and it's crucial for the gold bulls to not just break above this level but also sustain above it. Only then can we expect to see some fresh buying momentum kick in.
On the downside, we've a solid support zone around 3350-3360 that's worth keeping an eye on.
We did see a gap-up opening this morning, which is due to the ongoing war situation creating some safe-haven demand for gold. However, from price action perspective, gold is still trading within its range, and we need to wait for breakout from this range .
Until this range breaks definitively one way or the other, . No point in forcing trades when the market is clearly telling us it's still deciding which direction to go.but above 3360 level bulls are still in control (on Daily close).