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XAUUSD M15: Gold Faces Strong Resistance at 4195–4205 — Is a Pullback Coming? 📉
Gold has made a strong bullish move on the 15-minute chart, climbing from the 4130–4150 region toward the 4195–4205 resistance zone. However, price is now approaching an area where sellers have previously stepped in. 🔍 Technical Breakdown 🔴 Resistance Zone: 4198–4215 Price has returned to a previous supply area where selling pressure may emerge. A rejection from this zone could signal a short-term bearish correction. 🟢 Potential Support Zone: 4134–4152 This zone previously acted as a breakout area before the strong bullish rally. If price pulls back, it could become an important area to watch for a potential reaction. 📉 Bearish Scenario If price rejects resistance and confirms bearish momentum on M15, gold could pull back toward 4180, followed by the 4150–4140 region. The lower support