Gold (XAU/USD) - Possible Bearish move before breakout

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🟡 Gold (XAU/USD) – 8H Breakdown
📊 Bias

Currently neutral → short-term bearish pullback expected before bullish continuation.

🔎 Technical Breakdown

Structure:

Price is consolidating inside a batwing harmonic pattern.

Multiple strong rejections from resistance confirm sellers defending higher levels.

Key unmitigated demand zone sits around 3,268 – 3,280.

Key Levels:

Target Resistance: 3,499

Current Price: 3,397

Mitigation Zone: 3,320 – 3,330

Demand Zone (Buy POI): 3,268 – 3,280 (high probability entry)

Invalidation: Break & close below 3,268

Expectations:

Possible short-term rejection around current resistance (3,397 – 3,410).

Price likely retraces into mitigation zone (3,320) or deeper into demand (3,268).

Bullish reaction from demand could push back into 3,499 target level.

🎯 Trade Plan

Entry Zone (Buy): 3,268 – 3,280 (unmitigated demand)

Stop Loss: Below 3,250 (invalidate structure)

First Target: 3,397 (current highs / liquidity)

Main Target: 3,499 (major resistance level)

⚠️ Notes

Watch for false breakouts above 3,400 before the deeper retracement.

Confirmation at demand zone is key — look for rejection candles or bullish engulfing.

If demand fails, structure flips bearish into 3,200s.

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