Technical Indicators Flash Bullish Signals for Gold’s Next Major Move

Gold is trying to push higher after trading sideways for several months. The metal is currently stuck between $3,167 (floor) and $3,440 (ceiling), but technical signals suggest it might be ready to move up.

If gold can break above its current resistance around $3,334-$3,365, traders expect it could climb to $3,440 and possibly set new record highs above $3,500.

On the downside, if the breakout fails, gold could fall back to test support levels, with $3,120 being a critical level to watch.

Overall, the market appears to be leaning bullish, but gold needs to prove it can break above current resistance levels.