Gold Spot / U.S. Dollar
Short
Updated

XAU/USD Bearish Rejection Below Trendline – Eyes on Major Suppor

165
Gold remains under bearish pressure after rejecting the descending trendline resistance and failing to sustain a breakout. Price is trading below the Ichimoku cloud, reinforcing the bearish outlook. If sellers maintain control, the next move could extend toward the highlighted major support zone.

**🎯 Target:** **3,960*
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