$XAUUSD playing out as expected from the weekly outlook! ๐๐
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Weekly $Gold Outlook โ Bearish Bias ๐
I remain bearish on $XAUUSD this week.
Last week, I marked out two key zones: 5040 and 5300. Price failed to successfully break and hold above the 5040 area, confirming weakness and rejection from that level.
With that rejection in place, Iโm expecting a downward move from the 5040 region, with my primary target set around 4350.
As always, Iโll be watching price action closely around key levels and managing risk accordingly.
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