GOLD (XAUUSD) - THE BEARISH STRUCTURE IS STILL IN CONTROL?GoldOANDA:XAUUSDjamieaders21🔴 GOLD (XAUUSD) – THE BEARISH STRUCTURE IS STILL IN CONTROL? Gold is trading around 3987–3989 after another significant decline. The bigger question now is whether this is just a temporary recovery or the beginning of a stronger reversal. Let's look at the higher timeframes. 📊 MULTI-TIMEFRAME ANALYSIS 1H Chart - Strong bearish moving-average structure. - RSI around 29, showing oversold conditions. - A relief rally is possible, but trend reversal is not confirmed. 4H Chart - Bearish momentum remains dominant. - Price is below major moving averages. - Recent selling pressure has brought Gold toward the 3968 support area. Daily Chart - Daily technical rating remains SELL. - RSI around 43. - Price is below the 20-day and 50-day EMA. - Buyers need to reclaim major resistance to change the broader outlook. 📍 KEY LEVELS TO WATCH 🔴 Resistance - 3993–4000 - 4025–4040 - 4055–4067 🟢 Support - 3980–3968 - 3950 - 3920 📉 BEARISH SCENARIO If Gold fails to reclaim 4000 and selling pressure returns, a break below 3968 could expose 3950 and 3920. 📈 BULLISH SCENARIO If buyers reclaim 4000 and sustain above 4025–4040, we could see a stronger recovery toward 4055–4067. 🎯 MY MARKET VIEW Overall bias: BEARISH However, after such a sharp decline, chasing fresh shorts at current levels carries risk. I would prefer a recovery toward resistance before assessing the next bearish opportunity. The key is whether sellers defend 4000 or buyers manage to reclaim it. What do you think? Will Gold break below 3968, or are we close to a meaningful recovery? #XAUUSD #GoldAnalysis #ForexMarket #TechnicalAnalysis #TradingView