“XAUUSD – Strong Retracement From New All-Time High (ATH) 3650“XAUUSD – Strong Retracement From New All-Time High (ATH) 3650 📉”
Gold (XAUUSD) reached the all-time high resistance / PRZ zone (3645–3680) and immediately showed rejection signs, confirming this level as a high-probability reversal point.
📊 Technical Breakdown
PRZ Rejection: The move above 3650 failed to sustain, indicating a liquidity grab and false breakout structure.
Momentum Exhaustion: A parabolic advance from 3330 support into ATH left behind multiple imbalances (FVGs) that now attract price back down.
Liquidity Dynamics: The rejection suggests buy-side liquidity has been taken, and the market may now seek sell-side liquidity below recent swing lows.
Market Structure: Intraday structure shows early signs of a bearish shift, with lower highs forming under 3635–3625.
🎯 Downside Targets
3585–3578 → First corrective level (38.2% retracement).
3565 → Key midpoint of the rally.
3545–3516 → Liquidity + 61.8–78.6% retracement cluster.
3480–3460 → Previous consolidation base.
3330–3320 → Major high-timeframe support demand zone.
⚠️ Invalidation
If buyers reclaim 3660–3680 with strong daily closes, the bearish retracement scenario will be invalidated, opening the path toward new ATH extensions.
📌 Conclusion:
Gold’s rejection at 3650 ATH PRZ is a significant technical signal. Current order flow suggests a retracement phase toward 3580–3515, with potential extension to 3330–3320 key support if selling pressure persists.
