Gold Price Struggles Around Key Support Zone

The price of gold, represented by XAUUSD, has been experiencing a short-term bearish structure on the 15-minute chart. A sharp rejection from the area around $4,210-$4,220 is visible, and the current price is trading at $4,140.520.

According to the analysis, lower highs have developed following the sell-off, indicating a bearish trend. The key reaction zone at $4,130-$4,135 is currently acting as an important support area, with resistance zones above it at $4,155-$4,165 and $4,180-$4,190.

The scenario framework suggests that a confirmed break and close above $4,165 could shift the short-term structure towards higher resistance areas. Conversely, a confirmed break and close below $4,130 may expose the lower support area around $4,110-$4,120.