XAUUSD

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XAUUSDGoldOANDA:XAUUSDIvsWolf📊 GOLD (XAUUSD) – Multi-Timeframe Technical Outlook Monthly: Gold closed the last monthly candle bullish, even with a long upper wick. ✅ Buyers are still in control ⚠️ But the wick shows loss of momentum at the top ✅ Weekly Timeframe Price broke out of a symmetric triangle, and for 9 consecutive weeks, gold pushed aggressively to the upside. However, the last two weekly candles show: smaller bodies longer wicks loss of momentum 📉 If this correction continues, price may come back down to retest the broken triangle around the 3,500 zone. This retest would collect liquidity and give the market structure needed to build a new leg toward the 5,000 long-term target. ✅ Daily Timeframe Recent high near 4,400 Price dropped to 4,000 → new low Pullback to 4,150 → Lower High Deeper drop to 3,886 → new lower low Bounce up to 4,046 → another Lower High 🔻 Conclusion on D1: The daily structure is bearish with a clear sequence of Lower Highs, showing loss of bullish strength. ✅ H4 Timeframe On H4, price is currently forming a bearish flag pattern — slow, corrective movement after the drop. If price breaks below the flag, that would open the door for another leg down, targeting: 3,900 3,750 and possibly the 3,500 weekly retest zone 📌 Summary Monthly → bullish but losing steam Weekly → breakout confirmed, but correction likely before continuation Daily → bearish market structure H4 → bearish flag building momentum for another drop If the flag breaks down, the next major liquidity zone sits around 3,500 — the same zone as the symmetric triangle retest. 🔥 Bias: Bearish short-term 🚀 Long-term: Bullish continuation toward 5,000 after deeper correction