XAU/USD Weekly Market Analysis
๐ Technical Outlook (Next Week)
Current Structure:
โก๏ธ Market is in correction / consolidation phase
โก๏ธ Lower highs forming โ short-term bearish bias
Key Levels to Watch:
๐ด Resistance Zones:
4720 โ 4760
4800 โ 5000 (major supply zone)
๐ข Support Zones:
4650 โ 4600 (strong demand zone)
4300 โ 4200 (major weekly support)
๐ฏ Next Week Trading Plan
๐ Bearish Scenario (Preferred):
If price stays below 4720
Expect move towards 4650 โ 4600
Break of 4600 โ deeper drop possible
๐ Bullish Scenario:
Strong breakout above 4800
Target: 4900 โ 5000
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