Gold Price Forecast: Is XAU/USD Setting Up for Another Major Selloff?

Gold continues to respect the broader bearish trend, and price action is revealing where the next high-probability opportunity could emerge. Here's what traders should be watching: • Gold remains in a lower high, lower low structure on the higher timeframes. • A key daily support level was broken, turning it into potential resistance. • On the 30-minute chart, price completed a classic break and retest. • A bearish engulfing candle provided the confirmation for a high-probability short entry. • The trade quickly moved lower after the confirmation. The next opportunity? Rather than chasing the move, wait for price to retest the next key resistance zone. A rejection, combined with bearish price action and chart patterns like a head and shoulders, could provide another quality selling opportunity. The best traders don't chase markets, they wait for price to come to them. Follow for daily Gold analysis, price action strategies, and professional trading education. Join my live trading sessions to learn how to identify high-probability setups in real time. #Gold #GoldPrice #XAUUSD #GoldTrading #PriceAction #TechnicalAnalysis #SupportAndResistance #ForexTrading #TradingStrategy #HeadAndShoulders #BearishEngulfing #MarketAnalysis #TradingEducation #DayTrading #SwingTrading #Commodities #ACYSecurities Join my next live session here - https://acy.com.au/en/education/webinars/ This is not financial advice - Trading involves risk. ACY Capital LLC 2610 2022