GOLD ($XAU): Is a Deeper Sell-Off Coming?
Gold's potential correction deserves close attention as the market approaches a critical technical area.
The $4,695 region was a major level in my earlier bearish outlook. A decline toward $3,875 would represent a correction of approximately 17.5% from that price.
My Bearish Roadmap:
$3,875 → $3,700 → $3,400
If selling pressure continues and buyers fail to reclaim key resistance levels, these lower zones could become potential targets.
However, a strong recovery above resistance would challenge this bearish scenario. A correction does not automatically confirm the beginning of a new bull market.
The real opportunity is identifying where selling pressure weakens and buyers begin to regain control.
Save this analysis and revisit it as the market develops.
Do you expect gold to reach $3,400, or will buyers defend $3,700 first?
$XAU
Gold's potential correction deserves close attention as the market approaches a critical technical area.
The $4,695 region was a major level in my earlier bearish outlook. A decline toward $3,875 would represent a correction of approximately 17.5% from that price.
My Bearish Roadmap:
$3,875 → $3,700 → $3,400
If selling pressure continues and buyers fail to reclaim key resistance levels, these lower zones could become potential targets.
However, a strong recovery above resistance would challenge this bearish scenario. A correction does not automatically confirm the beginning of a new bull market.
The real opportunity is identifying where selling pressure weakens and buyers begin to regain control.
Save this analysis and revisit it as the market develops.
Do you expect gold to reach $3,400, or will buyers defend $3,700 first?
$XAU
