“Next Week Gold Update | Watching PRZ Rejection & Key Support

Gold (XAUUSD) is currently trading around the $3684 zone, where it has already tested a strong resistance / Potential Reversal Zone (PRZ). This area has historically acted as a supply zone, and we can observe repeated rejection candles forming here, signaling weakness in bullish momentum.

🔎 Key Observations:

Resistance Zone: Price is consolidating under the $3680–$3700 resistance area. As long as gold remains capped below this level, the probability of a downside move increases.

First Target Zone: If sellers maintain pressure, the first bearish target lies near $3575 – $3560, where the market may attempt a pullback.

Continuation Scenario: A break below this support area opens the path toward the final target near $3330 – $3320, which is a major support point and a critical demand zone on the chart.

PRZ Significance: The Potential Reversal Zone (PRZ) highlights an exhaustion point for buyers, and any sustained rejection here could trigger a deeper correction phase.

📚 Educational Note:

The market structure shows how resistance zones act as “ceilings” where price struggles to move higher, while support zones act as “floors” where price stabilizes.

Traders should wait for confirmation (break & retest or rejection patterns) before entering, rather than anticipating moves.

Risk management remains key: never risk more than 1–2% per trade, and always have stop-loss levels aligned with your strategy.

👉 Conclusion:
Gold is at a critical juncture. As long as resistance holds, sellers may push toward the first target ($3575–$3560). A confirmed break of this zone could accelerate the move toward the final support region at $3330–$3320.