This weekly chart is telling a different story than the breakout hype.
Price broke above the rising channel… but failed to hold. That usually signals exhaustion, not strength.
Key zones I’m watching: 🟩 $3,900 - possible relief bounce 🟨 $3,455 GAP - more likely revisit 🟥 $2,150 - only if macro structure fully breaks
Most probable path (for now): ✅Cool-off → GAP fill around $3,400 → then reassess. ✅$3,900 is still possible , but the structure favors a deeper reset first.
✅Not bearish… just letting the chart speak.
Structure first. Emotions second.
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#GOLD - Cooling Off Before The Next Big Move? 👀
This weekly chart is telling a different story than the breakout hype.
Price broke above the rising channel… but failed to hold. That usually signals exhaustion, not strength.
Key zones I’m watching:
🟩 $3,900 - possible relief bounce
🟨 $3,455 GAP - more likely revisit
🟥 $2,150 - only if macro structure fully breaks
Most probable path (for now):
✅Cool-off → GAP fill around $3,400 → then reassess.
✅$3,900 is still possible , but the structure favors a deeper reset first.
✅Not bearish… just letting the chart speak.
Structure first. Emotions second.