Gold Major Support in Focus: Will It Hold or Slide Further?

Gold is testing a major support zone around 3260–3280 after breaking down from trendline support and following up with another red candle.
This breakdown suggests that the recent bullish momentum has faded, and now we have to wait to see if this support can hold. If it doesn’t, the next downside target looks to be around 3130–3155, with even 3000 as a longer-term possibility if the pressure continues. Right now, I’m staying out of any trades, preferring to wait and see if this support zone can provide a bounce or if we’re heading for deeper levels. The price action isn’t giving any clear reversal signs at current area as of now and wee have to assess this on week closing basis.