XAUUSD Weekly Trend Reversal | 4055 Breakdown Signals Long-Term Gold / U.S. DollarFOREXCOM:XAUUSDMerlinGold7📅 July 19, 2026 #XAUUSD 🪙 🔄 CHOCH 1W: 4055 Hello traders! 🌹 This is a long-term outlook on Gold (XAUUSD). As highlighted in my previous analyses, January 2023 marked a major turning point when the weekly resistance was broken, creating a Weekly Change of Character (CHOCH). After a healthy pullback into the demand zone, Gold started a powerful bullish trend that eventually gained approximately 38,000 pips. However, after this extended rally, the market has now broken the key weekly support at 4055. This was the same level I warned about in last week's analysis, and its breakdown could signal the beginning of a major long-term bearish phase. 📌 As long as the weekly resistance at 4696 remains intact, my long-term bias stays bearish. Key Supply / Sell Zones: 🔻 4029 🔻 4061 🔻 4369 🔻 4696 (Weekly resistance – invalidation of the bearish scenario) Long-Term Bearish Targets: ✅ 3495 ✅ 3021 ✅ 2604 Remember, market structure always changes before the news does. Learn to read the structure, and the market will reveal its next move. MerlinGold 🌹📉