XAUUSDXAU/USD Spot - GoldFX:XAUUSDHAMED_AZHello Traders! 👋 What are your thoughts on Gold? Gold remains within a well-defined bearish market structure and continues to trade below a descending trendline that has capped every meaningful recovery attempt over recent weeks. Following the breakdown of the key 4,400 support level and the subsequent loss of the 4,300 support zone, selling pressure intensified significantly, driving price lower toward the 4,030 support zone. Although the market has experienced a short-term rebound in recent sessions, the broader outlook remains bearish as long as price continues to trade below the broken support-turned-resistance zone and the descending trendline. Any upside movement at this stage is viewed as a corrective rally within the dominant downtrend. The current expectation is for this corrective move to extend toward the highlighted resistance zone on the chart, a zone formed by the confluence of several important technical factors, including horizontal resistance, Fibonacci retracement levels, and the long-term descending trendline. Given the strength of this resistance cluster, price is expected to face renewed selling pressure upon reaching the area, potentially leading to a bearish rejection and the continuation of the prevailing downtrend. If this scenario unfolds, the next downside targets are located around 4,000, followed by the major support zone near 3,800. Until price manages to break and establish acceptance above the highlighted resistance zone, the broader bias remains bearish, and any rallies are likely to be viewed as corrective moves rather than the start of a sustainable bullish reversal. If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️