🚨 XAUUSD | GOLD WEEKLY OUTLOOK 🚨
Gold continues to play a psychological game with traders.
Last week, the market first crushed buyers with a sharp decline and then trapped sellers with a powerful rally. This is a classic liquidity-driven move where the majority gets caught on the wrong side.
📊 What to Expect this Week?
🔹 A move toward 4500–4520 cannot be ruled out early in the week.
🔹 Such a decline may attract fresh sellers expecting a larger correction.
🔹 However, as long as 4462 holds, the overall bullish structure remains intact.
� Key Zones :
🟢 Support: 4500–4488
🟢 Major Support: 4462
🔴 Resistance: 4558–4570
🔴 Psychological Level: 4600
A strong breakout above 4570 could trigger another round of short covering and accelerate bullish momentum.
🎯 Upside Targets:
✅ 4654
✅ 4680
✅ 4700+
*Many traders are still focused on selling rallies because the higher timeframe hasn't broken a major swing high yet. That could be exactly why the market continues to punish sellers.
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