XAUUSD: Rising Trendline Broken, Next Leg Down Toward 2,991.70Gold Ounce vs US DollarFXPRO:XAUUSDDoberInvest🪙 Gold rode the yellow trendline for a long time, and right now it is falling off it. XAUUSD technicals: Price broke below the rising trendline that held the whole rally. The bounce came back up to the line from below and got rejected under the red supply box, so that looks like a retest from below. Right now gold trades at 4,153.45, just above the dashed 3,980.48 level. That level has caught the last dips. The green long moving average sits down near 2,991.70, the same area as the lower dashed line, and the arrow on the chart points there. 🔼 Bulls still have one card left: one more push into 4,800-5,000, back into the red zone. I don't expect much from it. I treat it as a final exit up, a spot to sell into, not the start of a new trend. 🔽 Main scenario: lose 3,980.48 on a weekly close and the road opens toward 2,991.70. Globally I expect gold around 3,000. Short bias stays on while price holds below 5,000. ✔️ Targets: 3,980.48, 2,991.70 ❌ Invalidation: weekly close back above 5,000 and above the broken trendline Risk: analysis, not financial advice. Trade with a stop, risk per trade 1-2% max.