XAUUSD | GOLD Reaches Key Supply Zone – Bearish Reversal Ahead?

SMART MONEY CONCEPT
📌 Gold Faces Selling Pressure Near Resistance
🔸 Gold (XAUUSD) is struggling to break above the $2,921 zone, a strong supply area.
🔸 The U.S. Dollar remains strong, driven by hawkish Fed expectations and rising bond yields, limiting gold’s upside.
🔸 With key U.S. jobs data (NFP) & Powell’s speech approaching, gold could see increased volatility.

🏦 Fed Policy & Rate Expectations
🔹 If the Fed maintains a higher-for-longer stance on rates, gold may face further downside.
🔹 However, dovish hints or weaker economic data could fuel a bullish rally.

🌎 Geopolitical Factors
🔸 Ongoing global uncertainties (Middle East tensions, economic slowdowns) continue to support gold as a safe-haven asset.
🔸 Any escalation in risks could drive buyers back into gold.

🔍 Technical Analysis (15M Timeframe)
🚀 Key Levels & Market Structure
🔹 Supply Zone: $2,921 - $2,922 (Strong rejection seen)
🔹 First Support: $2,879 (Possible liquidity grab)
🔹 Major Demand Zone: $2,845 - $2,850 (High probability buy zone)

🔄 Bearish Reversal Signals
📌 Change of Character (ChoCh) at the top signals potential trend shift.
📌 Break of structure (BoS) confirms bearish bias.
📌 Price is forming a lower high, indicating a possible downtrend.

📊 Trade Plan
📉 Bearish Bias Below $2,921
✅ Sell if price rejects resistance → Target: $2,879 & $2,845
❌ Invalidated if price breaks & holds above $2,922

📈 Bullish Alternative
🔹 If price holds $2,879, potential bounce back to highs.

🔥 Final Thoughts:
Gold is at a critical level! Will we see a bearish reversal, or will bulls regain control? Drop your predictions below! 📉👇