1-hour chart of XAU/USD (XAUUSD )GoldOANDA:XAUUSDForexGoldkingggChart Observations Current Price: Around $3,325.40 at the time of the screenshot. Zones and Levels: Red Zone (Top): Resistance around $3,360 – potential reversal area if price reaches it. Orange Zone (Middle): Resistance or supply zone near $3,340–$3,345, possibly where sellers may come in. Gray Zone: A neutral/consolidation zone around the current price. Green Zones (Bottom): Strong support zones near $3,280, indicating a potential long entry if price drops. Price Action Forecast (Based on Arrows) Bullish Scenario: Price is expected to rise toward the orange resistance zone (~$3,340–$3,345). If price breaks above this zone, it might test the $3,360 area (upper red zone). Bearish Scenario: If price fails to break or gets rejected at the orange zone: A potential reversal back down toward the $3,280 support area is anticipated. Strategy Implication Short Setup: If price hits the $3,340–$3,345 zone and shows signs of rejection (bearish candlestick pattern), a short trade toward $3,280 support is possible. Long Setup: If price reaches the green support zone ($3,280) and holds, a long position could be considered targeting the gray or orange zone. Risk Zones Stop-Loss Considerations: For short trades above $3,345. For long trades below $3,275–$3,270, depending on volatility.