XAU/USD – Bearish Reversal Expected from Resistance Zone Gold Spot (XAUUSD)FXOPEN:XAUUSDJOAN_GOLD_HUNTER📊 Technical Analysis: Gold (XAU/USD) has reached a critical resistance zone near 3,380 USD, testing a major rising wedge structure from the top. The price action indicates potential exhaustion, and multiple rejections from this zone suggest a bearish reversal might be imminent. The chart shows an overextended bullish move, approaching the supply zone marked in pink. Price is also touching the upper trendline resistance while showing slowing momentum — a classical setup for a reversal. ⸻ 📉 Trade Idea – Short Setup: •Entry Zone: 3,378 – 3,385 •Stop Loss: Above 3,400 •Take Profit 1: 3,337 •Take Profit 2: 3,287 •Final Target: 3,246 ⸻ 🔍 Key Insights: •Bearish divergence and wedge structure confirm high reversal probability. •Strong rejection near key resistance suggests seller dominance. •Lower timeframes also indicate weakness and exhaustion. •Clean structure with well-defined support levels allows for multiple take-profit zones. ⸻ 📌 Disclaimer: This is a technical analysis-based trade idea and not financial advice. Please manage risk accordingly and confirm setups with your own analysis.