XAUUSD/GOLD WEEKLY SELL PROJECTION 30.08.26GoldOANDA:XAUUSDkripsonfx97XAUUSD / Gold – Weekly Sell Projection Gold has formed an Evening Star bearish reversal pattern on the weekly chart. Price then closed below the 4,551 neckline support, confirming increased selling pressure. Current price: 4,454.990 Retest / Sell zone: 4,509–4,551 Minor resistance: 4,509 Major resistance (R1): 4,551 If price retests the broken support zone and shows bearish rejection, the downward move may continue. Downside Targets Target 1 – Support S1: Around 4,415 Target 2 – Support S2 / Fib 0.5: 4,325 Target 3 – Support S3 / Fib 0.618: 4,237–4,241 The major ascending trendline is near 4,241, so profit booking or a bullish reversal may occur there. Confirmation Consider a sell only after bearish rejection, a bearish engulfing candle, or a lower-timeframe structure breakdown within the 4,509–4,551 zone. Avoid chasing the price if it falls directly. Invalidation A strong weekly close above 4,551 would weaken the bearish outlook. Sustaining above 4,600 could invalidate the sell projection. Overall bias: Bearish below 4,551, with the main downside target around 4,241.