XAU/USD | Gold Rejected Again! Mid-Term Target Could Reach $3550

Nov 6, 2025

By analyzing the Gold chart on the 2-hour timeframe, we can see that after the previous analysis, price started to rise but faced strong selling pressure when it entered the supply zone between $4016 and $4020.
Recently, Gold dropped to around $3978 and is now trading near $3990. The previous analysis remains valid — as long as Gold doesn’t break above $4040, the main scenario is still bearish, and we could even see a deeper correction toward $3550 in the mid-term.
This analysis will be updated soon — stay tuned for some powerful trade setups!

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Best Regards , Arman Shaban

Nov 6, 2025

Note

LONG is wrong guys ! i meant SHORT!

Nov 7, 2025

Trade active

By analyzing the Gold (XAUUSD) chart on the 2-hour timeframe, we can see that the previous analysis played out perfectly — price dropped to around $3965, giving us more than 230 pips in profit.
After that, Gold made a short-term bullish correction up to $4014, but once again faced strong selling pressure and has since fallen back to around $3996.

The previous scenario remains fully valid — the $4014–$4020 zone is still acting as a strong supply area, and as long as Gold stays below it, the downtrend is likely to continue.
If the price fails to hold above $4040, we can expect another move down toward $3965 or even lower.
Overall, the market structure remains bearish, and recent reactions confirm this outlook!