Gold Faces Key Supply Zone: Will Bears Reclaim Control?

The 4-hour chart for XAU/USD (Gold Spot) highlights a strong bullish rally approaching a significant supply zone around $2,740–$2,770.

This area coincides with previous resistance, suggesting a potential reversal or slowdown in momentum.

Price may fail to break the supply zone, triggering a pullback towards the $2,640 level for retesting.

This move would align with classic corrective behavior following an overextended rally.