GOLD at Critical Resistance – Reversal Incoming?OANDA:XAUUSD is trading at a key resistance zone, a level where sellers have previously taken control. If buyers fail to break through, we could see a rejection that sends the price lower toward $2,740.
I anticipate a move downward if we get bearish confirmation—such as rejection wicks, a bearish engulfing candle, or weakening buying pressure. However, a strong breakout and sustained hold above this zone could invalidate the setup, shifting momentum bullish and opening the door for new highs.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
