Gold (XAU/USD) Technical Analysis - March 27, 2025

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Chart Insights
Timeframe: 30-minute chart

Current Price: $3,051.595

High: $3,054.630

Low: $3,050.970

Volume: 1.65K ticks

Trade Setup
Resistance Level (~$3,056):

Price spiked up but rejected at this level.

Potential reversal point if price fails to break higher.

Support Levels:

First Support (~$3,048): If price pulls back, this level might hold as short-term support.

Second Support (~$3,040): If selling pressure increases, price may test this zone.

Possible Scenarios
Bearish Reversal Setup:

If price fails to break the resistance and forms a bearish rejection pattern, a short entry can be considered.

Target: First support at $3,048, second support at $3,040.

Break & Retest Bullish Setup:

If price breaks and holds above $3,056, it could turn into support, leading to further upside movement.

Conclusion:
Watching for a bearish rejection near resistance to enter short.

If resistance breaks, a bullish continuation can occur.

Confirmation with candlestick patterns and volume is key before entering trades.

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