Historic Collapse:Review of This Week's Gold Market TrendGoldOANDA:XAUUSDDerek_traderThis week, gold experienced a one-sided sharp plunge dominated by bearish momentum, logging its largest weekly drop since 1983. Amid a strong bearish trend and extreme volatility, a technical rebound emerged after the heavy sell-off, but upside was limited, leaving the overall weak downward structure intact. Key Performance: Gold tumbled from around 5,000 to 4,490 during the week, plummeting roughly 10.2% with a low of 4,476. It fell sharply for the first four consecutive days as the Fed's ultra-hawkish decision triggered heavy selling, breaking below key support levels one after another. On Friday, it bottomed out and rebounded to form an inverted V-shape, with limited upward strength. The weekly chart closed with a solid long bearish candle, moving averages aligned negatively, the medium-term uptrend broken. While short-term oversold recovery is underway, the bearish structure remains unchanged.