Gold bulls showcase their resilience as the precious metal surges back above the $3300 mark. Last week’s drop presented a challenge, yet the 50% Fibonacci retracement level proved to be a pivotal support. Market observers note that this rebound reflects the underlying strength in gold, signaling potential upward momentum in the future. Investors should consider this positive indicator as they reassess their positions in light of market volatility and shifts in investor sentiment regarding gold.