XAUUSD before the market opens: What is the right choice?GoldOANDA:XAUUSDParadise_NoirD1 PERSPECTIVE – THE BIG PICTURE The overall trend for gold is still bullish, but the problem lies in this: 👉 The price has entered a strong resistance zone – where there was previously very clear selling pressure. This creates two possibilities: If it breaks through → a strong bullish continuation If it is rejected → a deep correction is likely. H4 PERSPECTIVE – THE REAL STORY BEGINS Price is sideways just below the 4,890 resistance level. EMA + Ichimoku show: Price is still above the cloud → trend not broken yet. But upward momentum is weakening. 👉 Most importantly: A range is forming + slight lower high signals. No longer "pushing strongly" as before. WEEKDAY SCENARIO Scenario 1 – Real Break (less likely) If the price breaks strongly above 4,890 Volume + momentum confirmed 👉 Then: Gold will continue following the D1 trend FOMO will appear Scenario 2 – Fake break + dump (I PREFER THIS ONE) Based on the chart: Price is being compressed just below resistance High probability: A breakout above 4,890 Then a strong reversal 👉 Technical target: 4,640 region (exactly as you drew) Coincident with: H4 trendline Support zone + Ichimoku cloud NEWS THAT "PUSHED THE DROP" 1. Middle East cools down US-Iran tensions show signs of negotiations The market shifts to risk-on 👉 Consequences: Gold loses its safe-haven role Easily sold off when prices rise 2. Interest rates & USD remain the ultimate boss Federal Reserve tends to keep interest rates high for longer The probability of interest rate cuts is low 👉 High interest rates → money flows to USD Strong USD → gold is pressured down