XAUUSD H1: Signals Sellers Are Starting to Gain the Advantage

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XAUUSD H1: Signals Sellers Are Starting to Gain the AdvantageGoldOANDA:XAUUSDardian_JoeAfter the strong bullish move, XAUUSD failed to extend toward a new high. Price formed a rounded top and began producing weaker recovery attempts, showing that the previous buying momentum is clearly fading. The appearance of a CHoCH is the first sign that the short-term structure may be shifting from bullish continuation into a corrective phase. Price is currently consolidating around 4,240, but buyers have not shown enough strength to reclaim the recent high. If selling pressure continues, I expect XAUUSD to gradually correct toward the 4,170–4,180 area, which also aligns with the previous breakout zone and may attract renewed buying interest. The short-term bearish scenario would come into question if price recovers strongly, breaks above, and holds back over the most recent high. This analysis reflects only my personal view. Please make your trading decisions based on your own analysis. Wishing you successful trading!