**Gold (XAUUSD) 1H Analysis: Bearish Rejection at Resistance,
XAUUSD **Gold (XAUUSD) 1H Chart Analysis** - **Resistance Zone:** The price is currently testing a resistance area marked in gray, aligning with a descending trendline.
- **Potential Rejection:** The chart suggests a possible rejection from this zone, leading to a bearish move.
- **Target:** If rejection holds, the price is expected to drop toward the **2,745** level.
- **Pattern Formation:** The price is forming a lower high structure, indicating a continuation of the bearish trend.
- **Confirmation:** A strong rejection candle or break of minor support could confirm the downside move.
### **Conclusion:**
Watch for confirmation around the resistance zone. A rejection could trigger a short trade targeting **2,745**, while a breakout above could invalidate the bearish setup.
Trade closed: target reached
congratulation Gold reached our target
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