Gold rally pauses on ceasefire but Powell's concerns keep bulls hopeful

• Ceasefire pauses Gold's Bullish Rally.
• $3350 Critical Resistance weighs heavy on Bulls.
• Familiar Range awaits breakout.
• Upside requires break above $3338 followed by $3346.
• Rejection will resume decline to retest $3300-$3390.

Gold remains sideways trading within familiar range of $3337 resistance and $3310 support and awaits triggers to breakout of the coiling rangebound price action.

Break above immediate resistance $3330-$3338 will push the metal to next overhead resistance $3346

If bulls reclaim stability above $3346, next important challenge sits at $3358-$3363

Clear break and day close above $3363 will ease the ay to resumption of bullish rally.

On the flip side, failure to break above $3338-$3346 will resume downward momentum shifting to retest $3316 below which swing low $3295 and lower areas $3270 will be in focus.