Hello traders, Gold (GOLD). The price has broken out of the sideways movement between the levels of 3,300 and 3,350, reaching the first target at the level of 3,450. The level of the order block is marked with a red marker. The price has already bounced off this level twice but failed to break through. To continue moving upwards, the price needs to consolidate above the level of 3,400. If it manages to do so, it will gain strength, break through the order block at the level of 3,450, and move towards a new high. If the price fails to consolidate above 3,400, it may drop to the minimum level towards the blue support zone at 3,200.
