The current price of gold is in a phase of consolidation but attempting to break out of this range. The current price is being supported by a strong level of buying activity and forming a pattern of higher highs and higher lows, which may indicate a potential bullish trend.
@maniakhavan13, Based on my understanding, you're asking for my thoughts on TP 3, which I assume is referring to a trading position.
In terms of timing, it may take some time for TP 3 to hit for a safer play, so setting a stop loss at break-even could be a prudent strategy. Additionally, it seems that the US Dollar is currently showing bearish tendencies, which increases the likelihood that gold prices will rise.
However, please note that market conditions are subject to change, and investing or trading always carries some level of risk. It's important to conduct thorough research and analysis before making any decisions.