Gold (XAU/USD) Breakdown Potentialhello guys.
The previous trendline was broken, leading to a bearish move.
Price formed a range, consolidating between key levels.
A breakout occurred below the range, signaling weakness.
The current retest suggests a potential rejection and continuation to the downside.
If price fails to reclaim the range, we could see a drop towards the $2,875 - $2,860 support zone.
Traders should watch for confirmation of rejection before entering short positions.