$GOLD: Bearish Trend Still Intact

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$GOLD: Bearish Trend Still IntactGoldOANDA:XAUUSDCRYPTOMOJO_TAGOLD Update πŸ‘€ Gold remains in a bearish structure after the sharp breakdown below the $4,235–$4,255 support zone. Following Friday’s NFP move, price is now forming a short-term counter-trend correction, currently around $4,150. The key question is whether this bounce can reclaim the resistance levels or if sellers step in again. The Fibonacci retracement on the chart gives us some important levels: 0.5 Fib: ~$4,175 0.618 Fib: ~$4,186 This makes the $4,180–$4,200 area particularly important, as it also lines up with the main resistance zone. If Gold gets rejected around $4,180–$4,200, I would watch for another move toward $4,140 β†’ $4,110 β†’ $4,100. A stronger recovery above $4,200–$4,225 would weaken the immediate bearish setup and could lead to a retest of the descending trendline. For now, Gold could continue ranging between roughly $4,110 and $4,220 while the market decides the next direction.The trend is still bearish. I’m watching the $4,180–$4,200 zone closely for the next reaction. #GOLD