XAUUSD – Weekly Outlook GoldOANDA:XAUUSDHannah_MarlandGold Remains Bearish Below Major Trendline Gold is still trading under clear weekly pressure after losing the rising support structure and failing to reclaim the higher liquidity area. The daily chart shows that sellers remain in control while price is moving below the SMA 200 and below the long-term descending trendline. FUNDAMENTAL ANALYSIS Gold remains sensitive to the U.S. dollar, Treasury yields and upcoming U.S. economic data. If the dollar stays firm and rate-cut expectations remain weak, gold may continue to face selling pressure next week. For now, the technical structure is still more important. As long as gold cannot reclaim the broken support and liquidity zone above, bearish continuation remains the main view. TECHNICAL ANALYSIS – SMC + FIBONACCI From an SMC perspective, gold has broken below an important support structure and confirmed weakness after failing to hold the previous trendline base. The recent move shows bearish displacement, and price is now testing the broken trendline area from below. The zone around 4,218 – 4,300 is important because it may act as a sell-test area. If price fails to reclaim this zone, sellers may continue to defend the structure. Above price, the liquidity zone around 4,400 – 4,446 is a stronger resistance area, also close to the SMA 200. A deeper recovery into this zone would still be considered a bearish retest unless gold breaks and holds above it clearly. The main downside focus is the weekly low near 4,022. If this level breaks, gold may continue toward the strong support around 3,888, followed by the Fibonacci extension targets near 3,730 and 3,380. KEY PRICE ZONES TO WATCH Current price area: 4,218 Sell test trendline area: 4,218 – 4,300 Liquidity zone / SMA 200 resistance: 4,400 – 4,446 Strong resistance: 4,595 Lowest support this week: 4,022 Strong support: 3,888 Fibonacci Target 1: 3,730 – 3,700 Fibonacci Target 2: 3,400 – 3,360 Invalidation area for sell view: Above 4,446 – 4,595 TRADING SCENARIOS Sell Scenario – Priority Weekly View If gold retests the 4,218 – 4,300 area and shows rejection, I will watch for a bearish continuation setup. Sell Zone: 4,218 – 4,300 Entry Condition: Bearish rejection, failed retest, lower-timeframe CHoCH, or strong bearish displacement from the broken trendline area. Stop Loss: Above 4,300 or above the nearest swing high. Take Profit: TP1: 4,022 TP2: 3,888 TP3: 3,730 – 3,700 Alternative Sell Scenario If gold recovers deeper into the 4,400 – 4,446 liquidity zone, I will still watch for sell reaction if price fails to reclaim the SMA 200 and descending trendline. Sell Condition: Wait for rejection from 4,400 – 4,446 with bearish confirmation on the smaller timeframe. Target: 4,022 – 3,888 Buy Scenario – Only Corrective Recovery A buy setup is not the main view for next week. However, if gold holds above 4,022 and creates a bullish reaction, a short-term corrective bounce may appear. Buy Zone: 4,022 – 4,000 Entry Condition: Liquidity sweep, bullish rejection, or lower-timeframe bullish CHoCH. Take Profit: TP1: 4,218 TP2: 4,300 Invalidation: If price breaks and holds below 4,022, the buy idea is invalid. MY VIEW ON GOLD My weekly view for gold remains bearish. The chart shows that price has lost an important support structure and is now trading below the SMA 200, while the descending trendline continues to pressure the market from above. The cleaner plan is to wait for gold to retest resistance, then observe seller reaction on the smaller timeframe. The 4,218 – 4,300 area is the first sell-test zone, while 4,400 – 4,446 is the stronger liquidity resistance if price recovers deeper. Overall, gold remains weak unless buyers can reclaim the liquidity zone and hold above the SMA 200. If 4,022 breaks, the next weekly downside path may open toward 3,888 and the Fibonacci extension targets below. Do you think gold will reject from the trendline retest next week, or will price recover deeper into the 4,400 liquidity zone first?