Monday Gold AnalysisGoldOANDA:XAUUSDgpvsagHawkish signals emerged from Friday’s Jackson Hole Global Central Bank Symposium. U.S. Treasury yields and the U.S. dollar strengthened simultaneously, triggering a sharp drop in gold, which directly shattered the prior bullish setup. In my view, given Friday’s large decline, gold will likely stage a modest corrective bounce at next Monday’s open before gradually drifting lower. Therefore, the core trading idea is: sell‑on‑rally opportunities. Upside resistance lies at 4470‑4485. Short‑selling opportunities arise if price rallies to this zone, loses upward momentum, stalls and turns lower. Even if there is a slight overshoot higher, all rebounds should be treated as weak corrective moves. Do not get lured into long positions by short‑term bounces. Downside support is at 4440‑4450, the key support level for Monday. If this level holds in early trading, the market will trade in a corrective range for the whole day. A decisive break below this zone will trigger another wave of selling pressure, sending gold toward the strong support zone of 4380‑4400. I do not recommend pre‑emptive bottom‑hunting long positions. No high‑impact economic data is scheduled for next Monday. Markets will mainly digest Friday’s price action, so outsized volatility should not be expected. Aim for modest profits by trading with the trend, keep your trading rhythm steady, and get well‑prepared for major market moves ahead. 🥇 I deliver objective market analysis every day.