XAUUSD – Daily Higher Time Frame Analysis

📌 **🔍 XAUUSD – Daily Higher Time Frame Analysis**

🔹 **Friday’s Candle Close: Strong Bearish Pressure 🚨**
* The **last daily candle on Friday** showed **significant selling pressure** at the close.
* Based on this momentum, there is a high probability of **further correction in gold**.

💡 **Why is a Correction Likely?**
* Gold has been in a **continuous bullish rally** from **$2,570 to $2,944** without any major retracement.
* Such an extended uptrend often requires a **healthy pullback**, making a correction **more probable**.

📍 **Key Levels to Watch:**

🔻 **Critical Daily Close for Further Selling Pressure**
* If **tomorrow’s daily candle closes below $2,866-$2,861**, expect **strong selling momentum** to continue.
* This could lead to a decline toward **$2,789-$2,773**, which was a **previous strong resistance zone** and could now act as **support**.

📍 **Potential Support Zones During the Drop:**
* **Minor Support at $2,830-$2,833** (📊 Small Fair Value Gap)
* **Major Support at $2,789-$2,773** (📉 Previous Strong Resistance Turned Support)

🎯 **Trading Plan:**
* The best approach would be to **wait until the US session** for confirmation.
* Alternatively, traders can **follow the H4 setups** already shared.

⚡️ **Next Update:**
* **Lower time frame analysis** will be shared in the **morning**.

📢 Stay patient and wait for confirmation before taking positions! 🚀