XAUUSD – Gold Hits Supply Wall Again! Is a Drop Incoming?

70

🔵 Key Levels to Watch:

🔹 3,419.97 – Strong Supply Zone, sharp rejections in the past

🔹 3,063.64 – Previous support/resistance flip zone

🟠 2,759.98 – High Demand Zone + Volume Cluster = Potential long entry area



---

📌 What the Chart Is Telling Us:

Price just tapped into a major Supply Zone again at the top range

Repeated failure to break above = warning for bulls

Large move likely incoming with clean structure below

Volume profile shows thin support until 3,060 and 2,760



---

🎯 Trade Setup Idea:

🔻 Sell Bias near 3,400 zone if price shows reversal candle/engulfing

TP1: 3,063

TP2: 2,760

❌ Invalidation: Strong close above 3,420 with volume



---

📢 Are you bearish on Gold from this supply zone?
💬 Comment your thoughts or setups below!
🔁 Repost for others watching Gold!
✅ Like & follow for more multi-timeframe S&D analysis.

#Gold #XAUUSD #TradingView #Forex #SupplyAndDemand #PriceAction #SmartMoneyConcepts #GoldAnalysis #SwingTrade #Metals #MacroTrading #TechnicalAnalysis #VolumeProfile

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.