XAU/USD | Gold Faces Rejection Zone $3654–$3675 – Pullback Ahead

Sep 10, 2025

By analyzing the gold chart on the 12-hour timeframe, we can see that the price has continued its rally since our last analysis, setting new highs one after another, with the latest peak at $3,675. Currently, gold is trading around $3,644, and we still don’t see any clear change in market structure to suggest a strong reversal.

However, the $3,654–$3,675 zone is considered a rejection block. If the price manages to close below this zone within the next 12 hours, I expect a price correction. The possible downside targets for this pullback are $3,635, $3,625, and $3,616.

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Best Regards , Arman Shaban

Sep 11, 2025

Trade active

By analyzing the gold chart on the 12-hour timeframe, we can see that all three targets at $3,635, $3,625, and $3,616 were hit, giving us more than 300 pips in returns! Currently, gold is trading around $3,622, and in just a few minutes the CPI report will be released.

If CPI comes in higher than expected, it could trigger a sharp drop in gold. On the other hand, if the data is lower than expected, gold could push higher. For now, my bias is toward the first scenario. Let’s see how it plays out!

Sep 12, 2025

Trade closed manually

By analyzing the gold chart on the 12-hour timeframe, we can see that after our last analysis, the price continued to rise and reached $3,657. Once it hit this key level, gold pulled back to around $3,638. Currently, it is trading near $3,652.

Based on the main analysis, only if the price holds below $3,657 and fails to close above it, we can expect a deeper correction. But if this key level breaks, the next targets for gold will be above $3,700. Considering the current market conditions, my outlook is for a breakout above $3,657 and a move toward $3,700.