📉 XAUUSD Forecast & Key Levels In the H1 time frame, XAUUSD has rejected its higher-high monthly resistance and formed a strong selling candle, indicating potential bearish movement ahead.
🔄 Key Levels to Watch Resistance Zone: 2785 (Major rejection point) Support Zones: First Support: 2745 Bearish Targets: 2720 and 2705 🔍 Technical Outlook Selling Momentum: The rejection from 2785 has confirmed bearish pressure. A breakdown below 2745 could accelerate the move toward 2720 and 2705. Watch for Pullbacks: Any retest of the 2785 resistance zone could provide additional selling opportunities for traders.