#GOLD
👉New forecast
⚡️ $XAUUSD faced rejection at the 3,700 resistance zone, signaling exhaustion in the recent bullish leg. The divergence at the highs supports a potential reversal, with price already slipping back toward the mid-range of the upward channel.
❗️If momentum continues lower, a breakdown under 3,658 could open the way toward 3,570 as the next key support. Sellers remain favored while price trades below 3,700, keeping the bias tilted downward.
⚠️ Risks:
- A sudden risk-off move or geopolitical tension could revive safe-haven demand for gold.
- Any dovish Fed shift or weaker US data may fuel a breakout above 3,700 instead.
- Strong ETF inflows or central bank demand could limit downside pressure.
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