The chart indicates that gold (XAU/USD) is approaching a resistance zone near the **2,800.000 level**. A "Possible to Sell Zone" is marked, suggesting this area could trigger selling pressure. The price has been trending upward, respecting the trendline, but now faces potential rejection from the resistance.
Key observations:
1. **Resistance Zone**: The area around **2,800.000** is a strong resistance where sellers might step in.
2. **First Target Spot**: If the price rejects the resistance, a pullback to the **2,725.000 level** (first spot) is anticipated.
3. **Trendline Break Potential**: A break of the upward trendline could accelerate bearish momentum toward the target.
**Outlook**:
- Watch for bearish price action near the resistance zone to confirm a selling opportunity.
- A strong rejection or trendline break would validate a short trade, with the first target being **2,725.000**.