Gold Faces Resistance as Upward Momentum Wanes Gold prices hover around $3,020, with resistance near $3,030.50. While technical indicators suggest a bullish long-term trend, short-term momentum has cooled. Support remains at $2,960, but a failure to hold above $3,000 could lead to further declines. Traders watch for a decisive breakout above $3,047.40 for renewed optimism.2