XAUUSD Why Might GOLD Continue To Decline Further?

Why Might Gold Continue to Decline Further?

According to our latest two analyses, price fluctuations have verified our first thoughts. During the initial bullish attempt, gold achieved a new all-time high of $2946.80 before retracing back below the structure to $2918.46. The following day, gold rose to $2954.80 before falling below the structure to $2916.60.
For the time being, we have had two distinct fake bullish breakouts.

Given the significant price reactions in that zone, Gold is likely to continue its bearish trend up to $2880.

However, selling gold remains extremely dangerous due to the strong upward trend. If severe market manipulation occurs again, the price might reach a new all-time high and exceed $2955. Based on the existing statistics, it appears like Gold has a larger chance of falling this time.

🚨 XAU/USD – Fake Breakout & Bearish Move! 📉
💰 Gold Spot (XAU/USD) - 1H Chart Breakdown

🔍 Key Observations:
🔹 False Breakouts at the resistance zone indicate a lack of bullish momentum.
🔹 Price failed to hold above $2,946 - $2,954, confirming resistance.
🔹 Strong rejection led to a sharp drop below $2,916, triggering downside targets.
🔹 Bearish structure is forming, with lower highs & lower lows.

📉 Bearish Trade Setup:
📌 If price stays below $2,916, expect further downside towards:

🎯 $2,906.25
🎯 $2,889.18
🎯 $2,882.53 - $2,871.66 (final target)
📌 A break above $2,916 could invalidate the bearish scenario.

📊 Key Levels to Watch:
✅ Resistance: $2,946 - $2,954
✅ Support: $2,882 - $2,871

💬 Will gold continue its bearish trend? Drop your thoughts below!👇🔥

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