XAU/USD | Gold Faces Rejection Zone $3654–$3675 – Pullback Ahead

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XAU/USD | Gold Faces Rejection Zone $3654–$3675 – Pullback AheadGOLD / U.S. DOLLARFX_IDC:XAUUSDArmanShabanTradingBy analyzing the gold chart on the 12-hour timeframe, we can see that the price has continued its rally since our last analysis, setting new highs one after another, with the latest peak at $3,675. Currently, gold is trading around $3,644, and we still don’t see any clear change in market structure to suggest a strong reversal. However, the $3,654–$3,675 zone is considered a rejection block. If the price manages to close below this zone within the next 12 hours, I expect a price correction. The possible downside targets for this pullback are $3,635, $3,625, and $3,616. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban