Gold (XAU/USD): Breakdown Across Structures Signals CorrectionGoldOANDA:XAUUSDmelikatrader94Hi! 1. Uptrend Line Ruptured The ascending trendline that was keeping Gold’s rally intact from the low $4,200s has officially given way. Once price slipped below this dynamic support line. 2. Horizontal Supports Turned Resistance Price action didn't just break one key boundary; it sliced through a pair of critical support floors: First Break ($4,380): The primary support shelf gave out first, confirming a lower high and signaling seller dominance. Second Break ($4,360): The secondary horizontal floor was breached immediately after, leaving little room for a quick bullish recovery. 3. Moving Average Shift Gold has also dropped below the 100 SMA on the 30min timeframe. Trading under this moving average confirms that short-term trend dynamics have flipped firmly from bullish to bearish. Outlook: The path of least resistance is now tilted to the downside. With structural trendline and horizontal supports cleared out, seller momentum is pointing directly toward the lower demand block in the $4,220 - $4,305 range. Any brief relief rallies back toward the $4,360 or $4,380 levels are likely to be treated as retests for potential short setups.