🚨🚨GOLD $XAU : Is A MAJOR REVERSAL COMING ?🚨🚨
My target: $3,460 | Time horizon: November 2026 – January 2027
Gold($XAUT ) has maintained its bullish trend on the higher timeframes, but I'm beginning to see warning signs that could point towards a deeper correction.
The higher timeframes 🚨
🔎 1. The 3-Month Chart: Rejection at Higher Levels
The quarterly timeframe remains bullish, but price is showing rejection around levels associated with the previous six months.
This raises the possibility of a deeper pullback before buyers can regain control.
📉 2. The Monthly Chart: Bullish Momentum Is Weakening
Gold remains bullish on the monthly timeframe, but bearish candles are becoming more frequent.
This could indicate increasing selling pressure and a potential shift in market sentiment.
For now, I'm treating this as a warning sign rather than confirmation of a reversal.
⚠️ 3. The Weekly Chart: A Potential Head and Shoulders Pattern
This is where my attention is focused.
Gold appears to be developing a Head and Shoulders pattern, with the neckline sitting around $4,000.
Over the last seven weeks, five candles have been bearish and only two bullish.
Combined with the weekly price trading below the 50 EMA, this supports my bearish outlook.
However, the neckline has not yet broken, meaning the reversal remains unconfirmed.
🎯 My Prediction: $3,460
Here's the scenario I'm watching:
1️⃣ Gold breaks below the $4,000 neckline.
2️⃣ Price pulls back to retest the broken neckline.
3️⃣ Sellers regain control, potentially driving gold towards the $3,460 major support zone.
My projected window for this move is November 2026 to January 2027.
This is a scenario, not a guaranteed outcome. If gold fails to break the neckline, the bearish setup could weaken or fail entirely.
I'm watching the structure develop rather than assuming the reversal has already happened.
💬 What's your view on gold?
Are we preparing for a deeper correction, or will the bulls defend the trend?$XAUT #Follow4more #LongTermAnalysis #TrendingPrediction
My target: $3,460 | Time horizon: November 2026 – January 2027
Gold($XAUT ) has maintained its bullish trend on the higher timeframes, but I'm beginning to see warning signs that could point towards a deeper correction.
The higher timeframes 🚨
🔎 1. The 3-Month Chart: Rejection at Higher Levels
The quarterly timeframe remains bullish, but price is showing rejection around levels associated with the previous six months.
This raises the possibility of a deeper pullback before buyers can regain control.
📉 2. The Monthly Chart: Bullish Momentum Is Weakening
Gold remains bullish on the monthly timeframe, but bearish candles are becoming more frequent.
This could indicate increasing selling pressure and a potential shift in market sentiment.
For now, I'm treating this as a warning sign rather than confirmation of a reversal.
⚠️ 3. The Weekly Chart: A Potential Head and Shoulders Pattern
This is where my attention is focused.
Gold appears to be developing a Head and Shoulders pattern, with the neckline sitting around $4,000.
Over the last seven weeks, five candles have been bearish and only two bullish.
Combined with the weekly price trading below the 50 EMA, this supports my bearish outlook.
However, the neckline has not yet broken, meaning the reversal remains unconfirmed.
🎯 My Prediction: $3,460
Here's the scenario I'm watching:
1️⃣ Gold breaks below the $4,000 neckline.
2️⃣ Price pulls back to retest the broken neckline.
3️⃣ Sellers regain control, potentially driving gold towards the $3,460 major support zone.
My projected window for this move is November 2026 to January 2027.
This is a scenario, not a guaranteed outcome. If gold fails to break the neckline, the bearish setup could weaken or fail entirely.
I'm watching the structure develop rather than assuming the reversal has already happened.
💬 What's your view on gold?
Are we preparing for a deeper correction, or will the bulls defend the trend?$XAUT #Follow4more #LongTermAnalysis #TrendingPrediction