Gold price analysis indicates a strong bullish trend with a breakout from a narrowing triangle on the weekly chart. The price has surged from 3350 to 3600 in recent weeks. A pullback is expected and some key support levels on the downside are at 3550 and 3540. The analysis suggests a potential move towards 3700, with a possible stretch to 3720. However, a sustained trade below 3450 is a key level for reversal. The stock RSI is entering overbought territory, and the MACD shows convergence, potentially leading to further upward movement. The analysis highlights consolidation post-COVID with bullish moving averages. Key downside support is noted at 3550-3540 with a more significant trend reversal below 3440. Monthly charts point to a prolonged bullish run, but with RSI in overbought conditions, any reversal may be extended.