**Gold (XAUUSD) 1H Analysis: Bearish Rejection at Resistance,
XAUUSD **Gold (XAUUSD) 1H Chart Analysis** - **Resistance Zone:** The price is currently testing a resistance area marked in gray, aligning with a descending trendline.
- **Potential Rejection:** The chart suggests a possible rejection from this zone, leading to a bearish move.
- **Target:** If rejection holds, the price is expected to drop toward the **2,745** level.
- **Pattern Formation:** The price is forming a lower high structure, indicating a continuation of the bearish trend.
- **Confirmation:** A strong rejection candle or break of minor support could confirm the downside move.
### **Conclusion:**
Watch for confirmation around the resistance zone. A rejection could trigger a short trade targeting **2,745**, while a breakout above could invalidate the bearish setup.
Trade closed: target reached
congratulation Gold reached our target
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If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.