Gold Faces Strong Headwinds – Beware of Bull Traps!

After rebounding to 3368 yesterday, gold dropped below 3340, and recovered slightly above 3350 late in the session.
Today, it briefly touched the 3372 resistance, only to pull back again — showing just how difficult it is for bulls to push higher.

🔍 Technical Overview:

30M chart has broken below key moving averages

1H chart is facing heavy overhead pressure

⚠️ If prices rise on low volume, it’s likely a bull trap.
Only a volume-backed breakout can confirm a real bullish trend.

⚠️ Important Note:

There’s still an unfilled gap below 3300

If bears take control, filling that gap is highly likely

Today’s ADP jobs data will be critical:

If bearish for gold → sub-3300 is likely

If bullish for gold → 3400 becomes a top-tier short zone