Gold Falls Back Despite Geopolitical Tensions,Eyes on 3404 BreakGoldOANDA:XAUUSDSroshMayiGOLD – Overview Gold Falls, Erasing War-Driven Gains Gold has reversed all gains made since Israel launched strikes against Iran, despite rising geopolitical tensions. The precious metal failed to hold its safe-haven bid and now appears to be entering a technical correction phase. While the Federal Reserve struck a dovish tone during Wednesday’s meeting — signaling potential rate cuts this year — real rates remain elevated, which continues to weigh on non-yielding assets like gold. Technical Outlook: Gold corrected perfectly to our support level at 3347, as forecasted in the previous idea. • As long as price trades above 3365, bullish momentum remains active • Next targets: 3393 → 3404 • A 1H candle close above 3404 would confirm bullish continuation toward 3430 and 3448 A break below 3347 would shift the structure bearish. Key Levels: • Support: 3365 / 3347 / 3322 • Resistance: 3393 / 3404 / 3430 / 3448 previous idea: