XAU/USD Bearish Reversal from Key Resistance
Gold (XAU/USD) is showing signs of a potential bearish reversal after reaching a strong resistance area around 4,360–4,400. The chart structure suggests a possible rejection from the upper zone, followed by a downside move.
🔻 Key Resistance: 4,360–4,400
🎯 Main Target: 4,173
🟢 Key Support: 4,157
📉 Bearish Scenario: A confirmed rejection from resistance could push price toward 4,280, then 4,200–4,173 and potentially the 4,157 support zone.
The setup remains confirmation-based; a strong break above the resistance area would weaken the bearish scenario. Recent market commentary also highlights that gold is facing important technical hurdles after its breakout.
Risk Management: Always use a defined stop-loss and avoid risking more than you can afford to lose.