Sell according to the recovery from 3,675 to 3,516 - 3,418GoldOANDA:XAUUSDAstronautPioneer1. Overall Trend Gold (XAU/USD) is still in a strong uptrend since late August. The ascending trendline (dashed gray) indicates steady bullish momentum. However, price just touched resistance (red trendline) around 3,675 – 3,680 and pulled back. 2. Technical Pattern A possible Double Top is forming around 3,675. After failing to break resistance, price started a corrective move down (as shown by the blue arrows). A deeper pullback is possible if the short-term uptrend line is broken. 3. Key Fibonacci Levels 0.786 (3,586): first minor support. 0.618 (3,516): strong support, often a key retracement point. 0.5 (3,467): neutral level, price may react here. 0.382 (3,418): aligns with the marked SUPPORT zone (blue box). High probability of a bounce. 0.236 (3,358): deeper support, likely only if selling pressure is strong. 4. Scenarios Bearish correction (short-term bias): Price could retrace to the 3,516 – 3,418 zone for a support test. This area is likely to attract buyers again. Continuation of bullish trend (long-term bias): If price holds above 3,418 – 3,467, it may rebound and retest 3,675 – 3,700. A breakout above this resistance would confirm the long-term bullish continuation. 5. Trading Strategy (for reference) Buy with the trend: Wait for a pullback into 3,418 – 3,467, then look for bullish reversal signals (Pin bar, Engulfing) to go long. Short-term Sell: Possible to short the retracement from 3,675 toward 3,516 – 3,418, but stop loss should be placed above 3,680. 👉 Summary: Gold is correcting after hitting resistance at 3,675. The critical support zone is 3,418 – 3,467. Whether price holds here will decide if the long-term uptrend continues.