​📊 Gold Analysis Update (XAUUSD):

Scenario 1 is being confirmed and activated 🎯

🪙​As a reminder of the previous analysis dated October 28, I noted that prices were hovering around the crucial primary trendline, and we outlined two scenarios for the yellow metal's movement.

✅️ Gold is currently expected to start building a base after dipping slightly below 4k, between 3900_3800, while holding onto the primary trendline—the “orange line.”

📉 If gold loses the primary trendline, Scenario 2 will play out, forming a LOWER LOW and LOWER HIGH until reaching 3400, driven by rising yields and the US Dollar Index.

✨️Best regards #MATRIXOG $XAUT