XAUUSD: A Perfect Storm - Multi-Decade Pattern. GoldOANDA:XAUUSDhamzahachim90Gold is currently at one of the most significant inflection points in decades. A powerful, multi-year bull run is showing clear signs of exhaustion, and technical signals across four distinct timeframes are aligning to suggest a major corrective move is imminent. This analysis lays out the evidence from the multi-decade macro view down to the immediate intraday catalyst, culminating in a high-probability scenario. The foundation for this thesis begins on the highest possible timeframe. On the multi-decade chart, gold's price action has been supported by a parabolic curve, or "dome," originating from the 1970s. While the price is currently extended from this support, suggesting a need to cool off, the fundamental picture has shifted. Unprecedented central bank accumulation and a surge in public awareness are providing a powerful underlying bid, making a full reversion to the distant parabolic curve unlikely in the current environment. Zooming into the monthly chart reveals a classic and powerful warning sign: a severe multi-year bearish divergence. While the price of gold has been pushing to new all-time highs, key momentum indicators have been making lower highs. This shows that the underlying strength behind the immediate rally is fading, making the trend fragile and highly susceptible to a reversal. This weakness is now being confirmed on the daily chart. The 20-day and 50-day moving averages are on the verge of a bearish crossover, a classic technical signal that confirms short-term momentum has officially shifted from bullish to bearish, adding another layer of evidence that a correction is taking hold. The entire scenario culminates on the 8-hour chart, where we find the immediate trigger. Gold is coiling into a tight symmetrical triangle, with the apex converging perfectly with the timing of Fed Chair Jerome Powell's speech on Tuesday, July 22nd. This is a "moment of truth" setup where the speech will act as the catalyst to release the pent-up energy and force a decisive breakout. Given the context of persistent inflation, the baseline expectation is for a hawkish speech from Chairman Powell, which is fundamentally bearish for gold in the short term. This makes a downside break the most likely scenario. The primary and most logical target for this healthy correction is the major breakout zone and multi-year Fibonacci 1.0 support level at ~$2,800. This level represents a necessary reset, not the start of a bear market. A pullback to this zone would shake out leverage and establish a formidable base for the coming capital rotation event, where gold is expected to enter a hyperbolic, stratospheric upward trajectory. The strong fundamental floor provided by central banks and retail interest should hold this ~$2,800 level firmly. Disclaimer: This is a technical and fundamental analysis for educational and discussion purposes only and does not constitute financial advice. Please conduct your own due diligence.