XAUUSD 08/06 | SELLERS IN FULL CONTROL — HOW FAR CAN GOLD FALL?GOLD (US$/OZ)TVC:GOLDChum_tradesGold continues to trade under intense selling pressure after breaking below multiple support levels and confirming a bearish continuation structure. The recent decline shows that sellers remain firmly in control, while bullish attempts have been quickly absorbed by the market. The focus this week shifts toward Wednesday's CPI and Thursday's PPI reports. These inflation releases could determine whether the current downtrend extends further or whether Gold finally finds relief after the aggressive sell-off. From a technical perspective, Gold has broken below the lower boundary of the previous bearish channel and is now approaching a major support zone around 4240–4260. While a short-term rebound is possible after such a strong decline, the overall structure remains bearish until key resistance levels are reclaimed. 📍 Key Levels: 🔴 4310 – 4330 Nearest resistance zone and preferred area for bearish continuation. 🔴 4360 – 4380 Major resistance zone if a deeper correction develops. 🟦 4240 – 4260 Primary support zone and immediate downside target. 🟦 4180 – 4200 Extended bearish target if selling pressure continues. 📈 Preferred Scenario: ✅ Any recovery toward resistance is viewed as a potential SELL opportunity while price remains below 4330. ✅ CPI higher than expected could strengthen the USD and accelerate the move toward 4250 and lower. ✅ A break below 4240 would expose the next support around 4200. ❌ Only a sustained recovery above 4380 would weaken the current bearish outlook. 📊 Risk Management: • Risk no more than 1–2% of account equity per trade. • Avoid chasing price after large impulsive candles. • Wait for confirmation before entering counter-trend positions. • Stay flexible ahead of CPI and PPI volatility. Trade safe and stay disciplined.