$XAU

The structural damage on the Daily is massive, and this relief bounce is struggling to find any real follow-through.
We are currently rejected by the previous breakdown level, confirming the bearish shift.
I’m anticipating another leg down to sweep the recent lows.
While the $4,000 - $3,900 psychological zone seems like an obvious floor, the real liquidity sits much deeper.
I wouldn't be surprised to see a final, violent flush toward the $3,300 structural base to completely wash out the late longs.