GOLD/ Correction and then updating

The price remains trading within the identified zone, indicating ongoing consolidation. It is prudent to wait until the correction concludes, as this phase is critical for determining the next movement. This approach aligns with a strategy focused on confirming the bullish trend. A breakout above the resistance level of 2757 would solidify the upward trajectory and signal the continuation of the bullish trend toward the new high at 2,816. Regarding the bearish trend, the price must stabilize below the zone between 2,757 and 2,732, confirmed by a daily candle closing below it, to establish support.

Tendency Keys: 2757
Resistance Line: 2757, 2787, 2816
Support Line: 2732, 2696, 2666