XAUUSD: Bearish Retest Complete? Massive Sell-Off Toward 3430

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XAUUSD: Bearish Retest Complete? Massive Sell-Off Toward 3430GoldOANDA:XAUUSDXau_InsightssGold is approaching a critical technical area where a descending trendline and a strong resistance zone converge. This level could act as the final retest before sellers regain control of the market. The overall market structure remains bearish, and the recent recovery appears to be a corrective move rather than a trend reversal. If price sweeps liquidity around the resistance zone and shows bearish confirmation, it could initiate the next impulsive leg lower. A successful rejection from this area may open the door for a continuation toward the 3430 demand zone, which stands as the next major downside objective. Key Concepts Used: * Smart Money Concepts (SMC) * Market Structure * Liquidity * Liquidity Sweep Potential Scenario: * Resistance Zone: 4180–4230 * Bearish Confirmation: Liquidity sweep followed by bearish market structure confirmation. * Potential Target: 3430 Not Financial Advice.