Professional Wyckoff Outlook GOLD and WAR Gold (XAUUSD)CAPITALCOM:GOLDWreksGold (XAUUSD) – Professional Wyckoff Outlook The current structure reflects a second Wyckoff Re-Accumulation after Decline, signaling continuation rather than distribution. Following the Buying Climax (BC) and Automatic Reaction (AR), price completed a controlled Secondary Test (ST) and established a higher Last Point of Support (LPS). The ability to hold above the Creek confirms absorption of supply and transition back into a markup phase. The recent pullbacks are corrective in nature, characterized by reduced downside momentum and compressed volatility — typical of institutional re-positioning before expansion. Structurally: Higher lows maintained above the re-accumulation base No aggressive supply follow-through Demand consistently defending LPS zone From a macro perspective, geopolitical escalation and elevated energy prices are reinforcing inflation expectations and safe-haven demand, providing fundamental alignment with the technical continuation setup. Bias: Bullish continuation while price remains above the LPS/support cluster. Invalidation: Sustained breakdown below the re-accumulation range would negate the markup thesis and expose liquidity beneath the structure. Current order flow behavior favors expansion rather than distribution.