GOLD — Corrective Bounce. Here's What I'm Watching

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GOLD — Corrective Bounce. Here's What I'm WatchingGoldOANDA:XAUUSDChrisMarketsGold hit $3,960 this week — the lowest level in 2026. The $4,000 FOMC target mapped in June was reached and broken. The move played out exactly as structured. Now gold is bouncing. This is corrective, not a reversal. Resistance zone: $4,090 – $4,121 This is where sellers are expected to return. A rejection here continues the path toward $3,950 and below. Invalidation: daily close above $4,200. The trend is bearish. Until structure changes, bounces are selling opportunities — not reversals. I'm Watching This Level — updated in real time — ChrisMarkets OS