XAUUSD: Reversal confirmationGoldOANDA:XAUUSDZuperViewXAUUSD had a significant correction immediately after establishing a new ATH at 3897 with strong bearish momentum, I assess that 3897 will be the top in the near future and the market will begin to correct from here. With the U.S. government currently shut down and the release time of the nonfarm data possibly delayed, it is highly likely that gold will not experience unusual volatility and will continue to correct to lower levels. Price is currently trading below the trendline, and the bullish structure has been broken with heavy volume, while the rebound shows low momentum, indicating this is a strong break. As I analyzed in yesterday’s session, CME traders have pushed a large number of long put contracts into the market to hedge against a decline. Therefore, price may continue to fall in today’s session as the nonfarm release is postponed. You can read my previous analysis here: Resistance: Support: Strong support: Trading plan: Look for sell entry at the resistance zone on the 5m timeframe when a reversal signal with large selling volume appears as indicated by Quantum Vol-Delta. Place stop loss just above the nearest M5 swing high or above the resistance zone. Move to break-even at 1R (R:R=1:1). Please like and comment below to support our traders. Your reactions motivate us to produce more analysis in the future 🙏✨Victor Dan @ ZuperView