GOLD REDY FOR SELL

#XAUUSD (Gold) Analysis – May 5, 2025

Gold is currently trading around $3310, facing strong resistance near the )$3320–$3330) zone after a sharp upward move. I am supporting a SELL bias, anticipating a potential rejection from resistance and a move to the downside.

📈Key Resistance:$3330 A key level where I expect sellers to step in.
📈Major Resistance Zone: $3330–$3340 – If broken, further upside is possible, but this zone remains a strong barrier for now.

📉Bearish Targets:

📉Target 1: $3290 Initial support and short-term profit zone.

📉Target 2: $3264 Deeper pullback level.

📉Target 3: $3242 Final target before reaching major demand.


📉Support Area: $3220 $3210
A high-probability demand zone where buyers may defend the level and sellers could take profit.

📊Outlook: I remain bearish as long as price holds below $3330. A clear rejection from this area would strengthen the bearish case. A break above $3340 would invalidate the setup and shift focus to the bullish side.

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