Gold Spot / U.S. Dollar
Short
Updated

XAU/USD : Gold at a Turning Point – Rejection or Breakout Ahead?

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By analyzing the GOLD (XAUUSD) chart on the 4-hour timeframe, we can see that price climbed to $3330 today, entering a key supply zone, which triggered a pullback down to $3310. Gold is now trading around $3317, and I’m watching several potential setups closely.

Scenario 1:
If gold stabilizes below $3320, we could see a bearish move toward $3296.

Scenario 2:
If price breaks above the $3333 resistance, it may enter the next supply zone between $3341 and $3351, which could trigger a strong rejection—potentially offering a 100 to 400 pip move.

Now let’s break down the key levels to watch:
Supply zones: $3320, $3333, $3342, $3358
Demand zones: $3303, $3296, $3289, $3278

Monitor how price reacts to each of these zones — they may provide excellent opportunities.
Trade active
By analyzing the gold (XAUUSD) chart on the 4-hour timeframe, we can see that price has reacted beautifully to nearly all the key levels we previously marked. One of the most notable moves was the drop from $3344 down to $3330, which delivered nearly 150 pips of potential return.

Currently, gold is trading around $3354, and I expect a bearish reaction from this level soon. However, before the major drop begins, gold might first sweep liquidity above $3366. If that happens, we could see a strong sell-off afterward, with a potential move of at least 300 pips.

Watch how price reacts to the marked levels.
This is a complementary update to the previous analysis, so be sure to check that one first!

snapshot

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