Gold at Key Resistance — Potential RejectiomTowardMajor support

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Gold at Key Resistance — Potential RejectiomTowardMajor supportGoldOANDA:XAUUSDShaaanFxDescription: Gold (XAU/USD) is currently testing a strong resistance zone near 4,800–4,900 after a sharp recovery from April lows. Price action shows a possible rising wedge/weakening momentum near the top trendline, indicating exhaustion. If rejection occurs, a move back toward the strong support zone around 4,600 is likely. A breakdown below this support could open the path toward the 4,476 and 4,343 levels as downside targets. However, a clean breakout above resistance would invalidate the bearish scenario and suggest continuation higher. Not financial advice