Gold: Correction Near 3700, Bulls Preparing for Another Run

[m_c_jacob]

After printing a new ATH near 3800, Gold started a correction that pushed price as low as 3717.
The decline from the highs is corrective in nature, not impulsive, which keeps the broader bullish structure intact.

The key question now: has Gold finished its pullback, or will we see one more leg lower before the uptrend resumes?

Why I favor upside continuation:

The 3700 zone stands out as a strong support area where buyers are expected to defend.

Momentum indicators show loss of bearish pressure, consistent with a corrective move.

The broader trend remains strongly bullish, with no structural break to the downside.

If 3700 holds, a reversal from here could easily re-expose the 3800 zone and potentially new highs beyond it.

Trading Plan:
My strategy remains to buy dips into support, especially around 3700, aiming for a continuation higher. Risk management is crucial, but the bullish bias dominates as long as 3700 remains defended.

The market must confirm, but patience on dips can reward the bulls once again.