Gold (XAUUSD) Price Outlook – Trade SetupXAU/USD Spot - GoldFX:XAUUSDATFX_Global🌐Macro Background Gold (XAUUSD) is under pressure, dropping below $4,000 to around $3,964 amid a stronger U.S. Dollar and hawkish comments from the Federal Reserve. Tonight’s economic data is crucial: the U.S. May Core PCE Price Index is expected to rise to 3.4% YoY from 3.3%. A strong reading could reinforce rate hike expectations and support further USD strength, alongside the Q1 GDP final reading adding potential volatility. 📊Technical Structure The XAUUSD 4H Chart shows a clear bearish trend after a significant breakdown. Gold is firmly within a downward channel, with ongoing bearish candles. The break below the $4,000 mark has turned the previous support level of $4,027 – $4,077 into resistance. 🎯 Trade Setup With technical structures closely aligned with the hawkish fundamental backdrop, the primary playbook favours selling on rallies near proven resistance once price confirms rejection. Strategy: Bearish Trend Continuation. Entry Zone: Look for short positioning on a corrective bounce into the $4,027–$4,050 zone, or on a lower-timeframe rejection from that area. 📌Invalidation A sustained 4-hour candle close above $4,077 invalidates the current bearish narrative, signalling that the breakdown has failed and shifting the short-term bias back toward neutral or bullish. 📌Trade Summary In alignment with the current market breakdown, the preferred trade is a trend-continuation short on rallies into resistance. ⚠️Disclaimer This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.