Gold – Bearish Zig-Zag Correction SetupGOLD (US$/OZ)TVC:GOLDshiva560060 The chart shows a clear sequence of lower highs and lower lows after the major peak near 4,680, indicating that the short-term trend has turned bearish. The repeated zig-zag structure suggests that each recovery is being followed by another sharp decline, with the latest rebound reaching around 4,370 before facing rejection. If this structure continues, the current leg could develop into another sharp fall, with the projected move reaching around 3,950–4,000 levels. A sustained move above the recent swing high near 4,370–4,400 would weaken this bearish structure and require reassessment of the setup. The overall chart structure currently supports the possibility of another downward leg. Idea Rating: 8.5/10 Disclaimer: This is a technical-analysis idea for educational purposes only and is not financial or investment advice. The projected path and target are possible scenarios, not guaranteed outcomes. Please do your own analysis and use appropriate risk management before making any trading decision.