Gold (XAUUSD) On Track To Hit $3,750GoldOANDA:XAUUSDMasterAnandaGold's (XAU) all-time high happened on the 26-January 2026 week, a price tag of $5,602. This event happened on a wick, the week closed at a much lower price of $4,895, with the highest bearish volume ever. This wide gap between wick and closing prices created the first bearish signal pointing to an end of the bull market. Gold continued to rise right away after this major event. Four weeks after the all-time high XAUUSD produced its highest close ever, a price tag of $5,278. The next week it moved even higher to peak at $5,412, on a wick. This same session, week, closed at a price of $5,171 which is lower compared to the prior week. Here XAUUSD printed a lower high compared to its all-time high. This lower high was the start of a four weeks long decline reaching $4,099. All the exact same price dynamics are present again: Gold starts to recover closing four weeks green. It produces the best close (high) after the $4,099 low. After the fourth green week it turns bearish with a confirmed lower high, another one. The lower high reveals the start of the next decline. We are looking at a wide ABC corrective wave. The first support was $4,079, the next target sits at $3,608. Since the previous move failed to hit perfectly the previous support, this time we are setting our target at $3,750. Before support is hit, traders start to take profits by closing their short positions, this instead causes a strong reaction pushing prices higher. Gold is going down. Namaste.