Golden Trap: Massive XAU/USD Sell OpportunityGold (XAU/USD) recently hit resistance near 4180–4200, a zone aligned with previous structural highs and a key Fib retracement zone (38.2%) from the recent swing top. The price has lost bullish momentum after a sharp rally, showing rejection wicks and fading volume. The multi-color ribbon EMA suggests early signs of a bearish crossover — indicating potential for a deeper correction.
Bearish Confluences:
Rejection at Fib Cluster (4180–4200) — aligns with both the local swing high and the 38.2% retracement level.
EMA Ribbon Curling Down — shorter EMAs are turning bearish, suggesting momentum exhaustion.
Bearish Market Structure Shift — lower highs forming after a parabolic rise, often preceding deeper retracements.
Overextended RSI / Momentum Divergence — previous highs not supported by equal strength on indicators.
Psychological Round Number Pressure (4200 zone) — historically a strong reaction level for gold.
🎯 Fibonacci Downside Targets (retracement from swing low to swing high):
Target 1 (38.2%) → $4,114 — Minor support, potential short-term bounce zone.
Target 2 (61.8%) → $4,072 — Golden ratio target and major structural support.
Target 3 (100%) → $4,005 — Full retracement zone and confluence with previous breakout
