GOLD (XAUUSD ) 2H Analysis | Bearish Reversal Below 4872 InvalidGold (XAUUSD)CAPITALCOM:GOLDdaytrader4beginners📊 Chart Analysis Gold is currently trading near 4,826, and the chart is showing a corrective Elliott Wave structure nearing completion. Price has reached the invalidation / resistance zone near 4,872, where sellers are expected to defend strongly. The current pattern looks like a terminal wave completion near Wave (II), followed by a projected decline into Wave (III). 🔍 Key Technical View ⚠️ Resistance / Invalidation Zone 4,872 is the major invalidation level. As long as price remains below this zone, the chart favors a bearish corrective move. A rejection from this level can trigger a downside move. 🎯 Downside Target Zones Immediate support: 4,654 – 4,634 → first demand zone 4,500 → major support 4,400 → Wave (III) projected zone Your arrow projection suggests a possible fast decline toward the 4,450–4,400 region. 📉 Market Bias Current bias: Bearish below 4,872 This setup suggests: possible rejection from resistance wave completion near highs correction continuation lower A breakdown below 4,654 can accelerate selling pressure.