Gold Price Analysis (XAUUSD) - September 2024

We are currently looking at a 15-minute chart for XAUUSD. The price action shows a downtrend forming, as indicated by the descending trendline. Sellers are attempting to push prices lower after failing to break the resistance near 2,680. The price is hovering around the 2,664 area with a support zone near 2,655. If the price fails to hold at this support level, we could see a continuation of the downward momentum. Conversely, a break above the trendline may indicate bullish pressure.