XAUUSD 4H Analysis โ€“ Possible Break Below Key Structure

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Structure Overview:
After printing a multi-month high around 3,473, price has formed a clear rounded top followed by lower highs, showing weakening bullish momentum. Gold is now retesting a key structure zone near 3,270โ€“3,275, which has acted as previous support several times.

๐Ÿ“‰ Key Technical Observations:
Trend: Short-term bearish within a broader consolidation

Support Zone: 3,270โ€“3,250 (watch closely for a break)

Resistance Levels:

Minor: 3,340

Major: 3,390โ€“3,400

๐Ÿ“Š Scenario Outlook
๐Ÿ”ป Bearish Bias (Preferred Scenario)
If price closes below 3,270, expect:

Initial target: 3,210โ€“3,220 zone (clean imbalance + previous resistance)

Secondary target: 3,130โ€“3,150 (March structure break zone)

This would confirm a transition into a mid-term bearish leg unless a fakeout occurs.

๐Ÿ”บ Bullish Recovery (Alternative Scenario)
If price reclaims 3,305 with strength:

A move back toward 3,340โ€“3,360 is possible

Needs volume + momentum confirmation, ideally with a bullish engulfing candle

โš ๏ธ What to Watch
Daily candle close relative to 3,270

Reaction at 3,250โ€“3,260 demand zone

Gold often sweeps key lows before reversing โ€” watch for liquidity grab wicks

๐Ÿ“Œ Conclusion
Gold is sitting at a critical level โ€” a confirmed close below 3,270 could open the doors for a deeper retracement toward Marchโ€™s breakout levels. Until then, this remains a watch and react environment. Avoid chasing.

Penafian

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