XAUUSD – Gold Hits Supply Wall Again! Is a Drop Incoming?

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🔵 Key Levels to Watch:

🔹 3,419.97 – Strong Supply Zone, sharp rejections in the past

🔹 3,063.64 – Previous support/resistance flip zone

🟠 2,759.98 – High Demand Zone + Volume Cluster = Potential long entry area



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📌 What the Chart Is Telling Us:

Price just tapped into a major Supply Zone again at the top range

Repeated failure to break above = warning for bulls

Large move likely incoming with clean structure below

Volume profile shows thin support until 3,060 and 2,760



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🎯 Trade Setup Idea:

🔻 Sell Bias near 3,400 zone if price shows reversal candle/engulfing

TP1: 3,063

TP2: 2,760

❌ Invalidation: Strong close above 3,420 with volume



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📢 Are you bearish on Gold from this supply zone?
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