XAUUSD market made a sharp bearish move, indicating a possible shift in momentum. Following the formation of a lower high, it appears that the market has entered a consolidation phase, particularly after breaking below the 2650 level with a strong bearish candle. The formation of a large triangle pattern around the psychological level of 2600 is certainly a possibility. Triangle patterns generally signify indecision in the market and can lead to dramatic moves once a breakout occurs. The daily timeframe showing a substantial bearish candle erasing the last three days’ gains further reinforces the bearish outlook. This strong price action may attract additional selling pressure, especially if the market remains below key resistance levels. With high-impact news volatility is expected. We should remain cautious and look for clear signals to confirm the next move. My goal is support zone around 2581.000
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