XAUUSD (Gold) Daily Chart Analysis: Reaching Key Resistance/FVGGold vs US-DollarGBEBROKERS:XAUUSDfx_martin9Key Observations and Analysis Recent Price Action: Gold has experienced a strong upward move, currently trading around $4,142.19. This rally has approached a critical area marked on the chart. Key Resistance / Fair Value Gap (FVG): The price is entering a large shaded box labeled "D / FVG". This box, spanning from approximately $4,160 to $4,240, represents a Daily Fair Value Gap (FVG) or a significant imbalance left by a prior sharp move down (a large bearish candle on November 21st-22nd). In technical analysis, particularly concepts like Smart Money Concepts (SMC), an FVG acts as a high-probability target where the market often returns to fill the inefficiency. It also typically serves as a strong resistance zone. Break of Structure (BOS): An area labeled "BOS" (Break of Structure) around the $4,020 level indicates a recent shift in market structure from potentially bearish/ranging to bullish on this timeframe, confirming the recent upward momentum. Prior Low ('X'): A previous low labeled "X" around the $4,000 psychological level was initially respected before the rally commenced. Expected Reaction: The chart includes a projected price path (the black arrow/zigzag line) suggesting the price may tap the FVG and then experience a reversal or sharp pullback from this key supply/imbalance zone. Conclusion The XAUUSD market is currently testing a significant Daily Fair Value Gap (FVG) / Resistance zone. Traders will be looking for a reaction around the $4,160 - $4,240 area to determine if the bullish momentum will pause, reverse, or break through to continue higher.