Market Overview Gold has managed to stay above the key support level at $2580 and closed above $2600, suggesting a potential short-term rebound. However, resistance between $2641 and $2655 limits the upside. Key Levels Resistance Zone: $2641–$2655. A break above could target $2675 and $2706. Support Zone: $2600 (immediate) and $2580 (critical). Bearish targets extend to $2555. Trading Strategy Entry Levels: Sell near the upper boundary of the $2640–$2600 range. Stop Loss: Set a strict stop-loss at a decisive $10 break above the range. Target Levels: Aim for the lower boundary and beyond to $2555. Outlook Short-Term: Gold remains under a bearish trend below $2641, with downside momentum likely unless resistance is breached. Medium to Long-Term: While the long-term bullish trend remains intact, gold is expected to trade within a broad consolidation range during the holiday season, given reduced momentum and subdued geopolitical developments. Note: A break above $2641 could shift the short-term outlook, leading to tests of $2675 and $2706. Until then, the bearish bias remains dominant.