$XAU may be facing a much deeper correction. 📉
Gold is fighting to hold the $3,800 to $3,900 support zone. A temporary relief bounce is possible, but I wouldn't call the correction finished just yet.
My bigger concern is a move toward the $1,950 to $2,050 region, which was Gold's long-term accumulation base before the 2024 rally. If this turns into a full-cycle reset, that zone could matter again.
To be clear, this is an extreme downside scenario, not a confirmed destination. Stay patient, watch the levels and be ready for volatility. ⚠️
#XAU #Gold #bitcoin
Gold is fighting to hold the $3,800 to $3,900 support zone. A temporary relief bounce is possible, but I wouldn't call the correction finished just yet.
My bigger concern is a move toward the $1,950 to $2,050 region, which was Gold's long-term accumulation base before the 2024 rally. If this turns into a full-cycle reset, that zone could matter again.
To be clear, this is an extreme downside scenario, not a confirmed destination. Stay patient, watch the levels and be ready for volatility. ⚠️
#XAU #Gold #bitcoin
