XAUUSD: Huge Head-Shoulder-Formation to Unfold Bearish Pressure!GoldOANDA:XAUUSDVincePrinceHello There, welcome to my new analysis about XAUUSD. I am analyzing the 2-day timeframe perspective on a log scale, as this shows better relations between high and low prices. In the past weeks and months, XAUUSD emerged with massive bearish selling pressure. XAUUSD recorded the highest bearish volume in the history of XAUUSD. The market sentiment also turned bearish, with institutional short selling unfolding rapidly. When looking at my chart now, we can watch there how XAUUSD, since forming the high at 5500 in January 2026, heavily dumped towards the downside. This increased heavy selling pressure. It is also a point in the price action that signals a significant shift in the trend. Especially, the highest bearish volume in the history of XAUUSD confirms this. Since then, XAUUSD has moved on to test the 100-MA, which is a crucial MA. The right shoulder, which is now forming, is a strong sign of the increased likelihood of this gigantic head-and-shoulders formation completing in the next times. This will happen with a pullback from this descending trendline marked in red towards the downside. The whole head-and-shoulders formation is going to complete with the breakdown below the neckline. Once the targets have been reached further assumptions about the forthcoming will be important. In this manner, thank you a lot for watching! The support is highly appreciated. VP