Gold 45M — Resistance Zone & Downside Scenario

Wait 5 sec.

Gold 45M — Resistance Zone & Downside ScenarioGoldOANDA:XAUUSDGems-TradesGold is approaching a clearly marked resistance/supply area around 4,201–4,210 after recovering from the recent low near 4,115. Price is currently trading below this zone, keeping the chart structure interesting for a potential rejection scenario. The key levels on the chart are: Sell/Resistance Area: 4,201–4,210 Invalidation / Stop Area: above 4,229.75 Current Price: around 4,185 Target Zone: around 4,061.99 The idea is based on a possible rejection from the marked resistance area. If price reaches the zone and shows weakness, the downside path toward the marked target becomes the scenario to monitor. A sustained move above the invalidation area would weaken this setup.