🟡 XAUUSD | Technical analysis

On the daily timeframe, Gold remains within a corrective structure, while on H1 the price is located in a significant decision zone. Today's bearish pressure also coincides with a pullback in gold toward the $4,345 area. Currently, we are trading around 4,340–4,350, a zone that coincides with our Volume Profile POC and that we are considering as important support. This same area appears as immediate support in other recent technical analyses. We are waiting for confirmation: • 🔻 If the price breaks and confirms below 4,330–4,340, we could start looking for selling opportunities, with the next support zone being 4,300–4,320. A bearish extension could subsequently lead us toward 4,260–4,280. • 🔺 If support holds and we see rejection/bullish confirmation, we could consider buys seeking the 4,380–4,400 zones again and subsequently 4,430–4,440. For now, we are not looking to anticipate the move. The most important thing will be to observe the price reaction at the POC and wait for confirmation before executing. Remember to trade in favor of the trend, respect risk management, and execute only when our strategy's confirmations are met.