#XAUUSD (Gold) Market Analysis Date: Monday, 9 June 2025
#GOLD Rejected at Resistance — Bearish Setup in Play!
#Gold is currently trading around $3317, after rejecting the key resistance zone between $3345/$3365.
Price failed to close above this level and formed lower wicks and bearish candles on the 4H, indicating strong seller presence.
📊Key Levels to Watch:
📈Resistance Zone:
📈$3345 – Technical resistance
📈$3365 – Major supply zone
📈$3375 – Break & hold above = Bullish continuation
📉Support Levels:
📉$3260 – First bearish target
📉$3245 – Support zone
📉$3225 – Breakdown level
📉$3200 – Final support/demand area
📊Scenarios:
📉Bearish Bias Active (Reason: Rejection at Resistance + Bearish 4H Structure)
🎯Targets: $3260 → $3245 → $3225 → $3200
📈Bullish Scenario Only Above $3375
🎯 Targets: $3385 – $3400+
📊Strategy Insight:
Sell positions taken based on:
🔻 Rejection at strong resistance zone
🔻 Bearish candle confirmation (4H)
🔻 Lower highs forming beneath $3,345
As long as price remains below $3365, downside targets remain in play.
Follow gold global club for more analysis
#GOLD Rejected at Resistance — Bearish Setup in Play!
#Gold is currently trading around $3317, after rejecting the key resistance zone between $3345/$3365.
Price failed to close above this level and formed lower wicks and bearish candles on the 4H, indicating strong seller presence.
📊Key Levels to Watch:
📈Resistance Zone:
📈$3345 – Technical resistance
📈$3365 – Major supply zone
📈$3375 – Break & hold above = Bullish continuation
📉Support Levels:
📉$3260 – First bearish target
📉$3245 – Support zone
📉$3225 – Breakdown level
📉$3200 – Final support/demand area
📊Scenarios:
📉Bearish Bias Active (Reason: Rejection at Resistance + Bearish 4H Structure)
🎯Targets: $3260 → $3245 → $3225 → $3200
📈Bullish Scenario Only Above $3375
🎯 Targets: $3385 – $3400+
📊Strategy Insight:
Sell positions taken based on:
🔻 Rejection at strong resistance zone
🔻 Bearish candle confirmation (4H)
🔻 Lower highs forming beneath $3,345
As long as price remains below $3365, downside targets remain in play.
Follow gold global club for more analysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.