XAU/USD - Price Action Analysis Key-Support & Resistance Levels GoldOANDA:XAUUSDjaz_traderThe XAU/USD pair is currently consolidating within a defined range, with key levels being closely observed. The price has recently encountered resistance around the 3,675 – 3,680 region, marking a critical point of selling pressure. This resistance level has previously capped the upward movement, which has been reinforced by the formation of double tops. At the lower end, a significant support zone has formed between 3,650 – 3,655, which coincides with the Supply Zone and serves as a potential reversal area. Currently, price action is gravitating towards this support region, as indicated by the strong reaction from the buyers at the 3,660 level, forming a critical decision point. The price's ability to hold above this support and decisively close above 3,660 would suggest a potential bullish reversal targeting the next resistance zone around 3,675 – 3,680. A break above this region could open up further gains, with the target price of 3,678 acting as a near-term objective. On the other hand, failure to hold at the 3,660 level and a drop below the support zone could signal continued bearish momentum. This would validate the potential move towards the 3,640 target, supported by the order block around 3,630 – 3,635. The market is currently in a delicate balance, and the next price action will determine the direction. Watch for either a breakout above the resistance or a breakdown below the support for clearer confirmation of the next move. Key Levels to Watch: Resistance: 3,675 – 3,680 Support/Supply Zone: 3,650 – 3,655 Target 1: 3,678 Target 2: 3,640 Order Block: 3,630 – 3,635