XAUUSD /GOLD

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XAUUSD /GOLDGold vs US DollarIC:XAUUSDRohan_analystGold is facing strong selling pressure after a sharp bearish move. Price is currently trading around the 3,930 area on the 30-minute chart, with sellers attempting to maintain control of the market. Although a short-term recovery is possible, the overall outlook remains bearish unless buyers reclaim the key resistance zones. KEY RESISTANCE ZONES 3935–3945: Immediate resistance 3960–3970: Major resistance zone 3978–3987: Strong supply zone If Gold retraces into these areas and faces rejection, sellers may regain momentum and trigger another downside move. BEARISH SCENARIO — DOWNSIDE TARGETS If price fails to break above resistance, the following levels are worth watching: Support 1: 3905 Support 2: 3880 Strong Support: 3850–3865 BULLISH INVALIDATION A sustained breakout above 3965–3970 could weaken the bearish outlook and open the door for a recovery toward the higher supply zone. MARKET FUNDAMENTALS Gold remains sensitive to U.S. dollar movements, Treasury yields, Federal Reserve expectations, and upcoming economic data. A stronger dollar may pressure Gold, while a weaker dollar could support a recovery. your support means a lot! If you found this analysis useful, leave a Like and tell me your thoughts in the comments. Best of luck with your trading journey! 🚀