Gold (XAUUSD) – Watch for Break or Rejection at Key Resistance

Gold is trading around $3,641 per ounce, just shy of its recent highs and pressing resistance zones. Price action suggests we’re in a squeeze between strong resistance up top and support below, waiting for a clean breakout or pullback.

Possible Short / Long Trade Setup:
• Entry (Long): Consider going long if Gold breaks & closes above $3,655-$3,658 with good follow-through and buyer strength.
• Entry (Short): Could consider a short if price rejects that resistance zone ($3,655-$3,658) and shows bearish structure, with confirmation below ~$3,630.

Target Levels:
• 🎯 1st Target Long → $3,670+
• 🎯 1st Target Short → $3,620-$3,616

Invalidation / Risk Zones:
• A sustained close above $3,658 for long trades
• A break below $3,600 would weaken bullish bias and favor more downside

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KeswanTrades 🕊️

Disclosure: This is educational only, not financial advice.