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Key Levels in Focus: Can Gold Push Through 2340 Resistance?

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XAU/USD Analysis:
Gold initially attempted to break above the current 1-hour supply zone but failed to sustain momentum, leading to a retracement back into the 4-hour demand area. The weekly open was relatively strong, with price tapping into the previous daily candle’s body low and showing early signs of rejection — a signal that could be more meaningful once volume increases during the London session.

If price action can decisively close above the 2340 level with supporting volume, we could see a push toward the 2344 region either before the weekly close or shortly after the market reopens next week.

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