GOLD: Key Structure Broken — More Downside Ahead?

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#XAU/USD# GOLD: Key Structure Broken — More Downside Ahead?

🟡TREND FORECAST
Gold remains under strong selling pressure after breaking below the recent 4255–4259 and 4234–4237 structures.

Price is now trading around 4196 after a sharp bearish extension. The intraday structure remains bearish, but price is already stretched below the nearest resistance, so chasing the move is not preferred.

Keylevel
Resistance: 4234–4237 → 4255–4259 → 4269 → 4296–4321
Support: 4161–4158

🚀TRADING STRATEGY
✅Buy reactions around 4161–4158 can be considered if price extends lower and shows a clear rejection.
SL: 4150

✅Sell reactions around 4234–4237 remain favorable if price rebounds into the broken structure.
SL: 4245

✅Additional sell interest around 4255–4259 if the recovery extends higher.
SL: 4267

⚠️Note
Bearish pressure remains dominant below 4234–4237.

Avoid chasing sells around current price after the sharp extension. Prefer waiting for a rebound into resistance, while 4161–4158 is the next marked support if selling continues.

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