GOLD PRICE ACTION ANALYSIS – BIG MOVE LOADING? (XAUUSD)

Gold has just broken down from a key supply zone (marked in blue) between $3,316 – $3,330, showing clear signs of exhaustion and bearish rejection at the top. After several attempts to break higher, the sellers have taken control.

Key Levels to Watch:

Immediate Resistance: $3,330

Resistance Zone: $3,316 – $3,330 (Fresh supply zone)

Support 1: $3,257

Support 2: $3,223 (Recent breakout zone)

Support 3 / Demand Zone: $3,169 – $3,180 (Strong historical demand, marked in orange)


Price Action Insight:

Market structure shifted after failing to hold above $3,316

Bearish engulfing near resistance zone = strong sell signal

Volume tapering near highs, indicating buyer fatigue

Clear imbalance (FVG) from $3,223 down to $3,169 — watch for price to fill this gap


Trade Idea:

Short Bias – If price retests and rejects the $3,316-$3,320 area, potential swing short down toward the $3,223 support, with eyes on $3,169 if momentum accelerates.

Risk Management Tip:
Wait for confirmation (e.g., bearish candle close under $3,310 or retest rejection) before entering. Protect your capital — volatility could spike with news.


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What’s Next?

Will Gold fill the imbalance and retest that demand zone? Or is this just a fake-out before another leg higher?

Comment your thoughts below – bullish or bearish on Gold this week?

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