Gold is showing weakness near the 3640 – 3645 zone, and sellers are likely to take control if price continues to reject from resistance. The chart structure remains bearish with downside targets ahead.
🔻 Entry (Sell Zone): 3643
🛑 Stop Loss: 3674 (above resistance / invalidation level)
🎯 Target 1: 3585 (first key support / short-term target)
🎯 Target 2: 3526 (extended target / major support zone)
Price Action Highlights:
Price is trading below the descending trendline, confirming a bearish market structure.
Multiple rejections near 3640–3650 show strong supply pressure.
If the market breaks 3585, momentum will likely accelerate toward 3526.
Risk–Reward ratio is favorable, with clear invalidation at 3674.
Risk–Reward: Safe bearish setup with ~1:2+ ratio, suitable for short-side traders.
Conclusion:
As long as price stays below 3643–3650, sellers remain in control, aiming for 3585 and 3526 targets.
http://dlvr.it/TN4JN2