XAU/USD 15M Analysis: Rejection at Resistance Signals Potential

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XAU/USD 15M Analysis: Rejection at Resistance Signals Potential Gold / U.S. DollarFOREXCOM:XAUUSDTheChartCoreGold (XAU/USD) on the 15-minute timeframe is approaching a key resistance zone between 4,134 and 4,141, where previous market structure suggests strong selling pressure. Price is attempting a retracement into this supply area after forming lower highs and multiple breaks of structure (BOS). If sellers defend this resistance, the next likely move could be a bearish continuation toward the 4,090 region. A sustained break and close above 4,141 would invalidate the bearish outlook and open the door for further upside. As always, wait for confirmation before entering a trade and manage risk appropriately.