XAUUSD H3: Failed Neckline Break — Correction Risk IncreasingGoldOANDA:XAUUSDmartin_waternLooking at the chart, gold has made another attempt to test the neckline around 4,107, but once again failed to break through. After several tests of this resistance, buying pressure has gradually weakened and price was quickly pushed back, showing that sellers are still defending the area. What stands out is that the previous breakout attempt failed, while the latest retest also lacked enough momentum to move price above the neckline. When a resistance zone repeatedly rejects price, the probability of a correction becomes higher than an immediate continuation to the upside. My preferred approach is to look for selling opportunities while price remains below the neckline. The initial target is the 4,030 support zone, followed by 4,000 if selling pressure continues to strengthen. If XAUUSD closes firmly above 4,107 and holds above this level, the bearish scenario will no longer be valid, as this would confirm a complete breakout above the neckline. This is only my personal view based on technical analysis. Wishing you successful trading!