Key Breakdown Levels Ahead: Gold Eyes 5k and 127.20%–161.80% ExtGold vs US DollarPEPPERSTONE:XAUUSDCabeeroAfter analysing multiple timeframes, price has declined into the 50% higher‑timeframe Fibonacci retracement, which is a key level. If this level breaks, price is likely to extend deeper toward the 127.20% Fibonacci extension. At the moment, the chart shows an inverted Cup & Handle pattern, which historically has a strong success rate. The measured‑move target of this pattern aligns with the 161.80% level. A clean break below 5,000 would open the door for a further decline toward the 161.80% extension. From a Fibonacci perspective, price has already completed its 50% retracement, and the pattern structure provides additional confirmation of a potential continuation lower—first toward 5,000, and then toward the deeper extension levels mentioned above. On the weekly timeframe, price has also formed a significant bearish divergence, which supports the possibility of a broader corrective phase. The next move will depend on how price reacts around these key levels. From a fundamental standpoint, geopolitical tensions typically support higher gold prices. However, during periods of conflict, transportation disruptions and flight cancellations can negatively impact physical gold supply chains, which may limit upside momentum.