XAUUSD – Weekly Recap: Gold Remains Bearish Inside a GoldOANDA:XAUUSDHannah_MarlandXAUUSD – Weekly Recap: Gold Remains Bearish Inside a Corrective Channel Gold closed the week under clear bearish pressure after failing to hold the previous recovery structure. From the recent price action, gold moved from accumulation, attempted to recover, then lost momentum and continued trading inside a descending corrective channel. The current daily chart shows that price is still below the SMA 200 and below the main bearish trendline. This means the broader structure remains weak, even though short-term reactions from lower zones may still appear. WEEKLY TREND SUMMARY During the past week, gold tried to recover from the lower liquidity area and moved into several short-term accumulation zones. However, buyers failed to maintain momentum above the key resistance areas. The failure to break clearly above the 4,350 – 4,360 region was an important signal. After that, gold lost the buy zone, broke the rising short-term structure, and continued moving lower. The week ended with price reacting around the Fibonacci zone, but the reaction is still not strong enough to confirm a bullish reversal. Overall, the weekly flow remains bearish, with sellers still controlling the main structure. FUNDAMENTAL ANALYSIS Gold remained under pressure as the U.S. dollar stayed strong and market expectations around interest rates continued to weigh on precious metals. Geopolitical headlines may still create short-term volatility, but the chart shows that buyers have not regained full control. For now, the technical structure remains the main guide. TECHNICAL ANALYSIS – SMC + FIBONACCI From an SMC perspective, gold has broken below the previous recovery structure and is now moving inside a descending corrective channel. The price action shows lower highs and weak bullish follow-through, which supports the bearish view. The Fibonacci reaction area around 4,300 – 4,350 is important because price attempted to recover from this zone but failed to create a strong continuation. This area now acts as a reaction zone rather than a confirmed reversal zone. The current sell zone is around 4,150 – 4,200. If price retests this area and fails to reclaim higher structure, sellers may continue pushing gold toward the lower channel area. The main downside focus is the psychological price range around 3,700 – 3,800, with 3,890 acting as an important intermediate support. As long as gold stays below the SMA 200 and below the bearish channel resistance, the sell structure remains valid. KEY PRICE ZONES TO WATCH Current price area: 4,155 Sell zone: 4,150 – 4,200 Fibonacci reaction zone: 4,300 – 4,350 SMA 200 resistance: 4,463 Major bearish trendline resistance: 4,350 – 4,450 Key support: 3,890 Psychological price range: 3,700 – 3,800 Fibonacci extension target: Around 3,700 Invalidation area for sell view: Above 4,350 – 4,463 TRADING SCENARIOS Sell Scenario – Priority Daily View If gold retests the 4,150 – 4,200 sell zone and shows rejection, I will watch for bearish continuation inside the descending channel. Sell Zone: 4,150 – 4,200 Entry Condition: Bearish rejection, failed recovery, lower-timeframe CHoCH, or strong bearish displacement from the sell zone. Stop Loss: Above 4,300 or above the nearest swing high. Take Profit: TP1: 3,890 TP2: 3,800 TP3: 3,700 Alternative Sell Scenario If gold recovers deeper into the 4,300 – 4,350 Fibonacci reaction zone and fails again, sellers may have a better reaction area. Sell Condition: Wait for bearish rejection from 4,300 – 4,350 with confirmation on the smaller timeframe. Target: 3,890 – 3,700 Buy Scenario – Only Corrective Reaction Buy is not the priority view while gold remains inside the descending channel. However, if price reacts strongly from 3,890, a short-term corrective bounce may appear. Buy Zone: Around 3,890 Entry Condition: Liquidity sweep, bullish rejection, or lower-timeframe bullish CHOCH. Take Profit: TP1: 4,150 TP2: 4,300 Invalidation: If price breaks and holds below 3,890, the buy reaction idea becomes weaker. MY VIEW ON GOLD My current view for gold remains bearish after reviewing the full weekly structure. The market tried to recover during the week, but every rebound was limited below key resistance and Fibonacci reaction areas. The cleaner plan is to continue watching sell setups from resistance instead of chasing price at the bottom. If gold stays below 4,300 – 4,350, sellers may continue targeting 3,890 and possibly the psychological range around 3,700 – 3,800. Overall, gold is still moving inside a bearish corrective channel. A bullish reversal needs a strong reclaim above the Fibonacci reaction zone and SMA 200. Until that happens, the main structure still favours sellers. Do you think gold will retest the 4,300 – 4,350 zone before continuing lower, or will sellers push directly toward 3,890 next?