Gold (XAU/USD) Daily Outlook

* Structure: Price has completed a retracement into the 61.8% Fibonacci level and posted a strong bounce from that zone, signaling renewed buying interest..

* Market Bias: Buyers remain in control at current levels. The underlying structure continues to favor an upside continuation..

* Near-Term Expectation: A further, shallow retracement toward the 79% Fibonacci level cannot be ruled out. However, this would be viewed as a corrective move within the broader bullish structure rather than a trend reversal..

* Key Invalidation Level: The 3,940 level is critical. A confirmed break below this would take out the prior daily low and would warrant a reassessment of the current bullish bias..

* Conclusion: As long as price holds above 3,940, the bullish bias remains intact. A break below this level would be the first technical signal to shift toward a neutral to bearish stance.

What's your view on XAU/USD, bullish continuation or a break below 3,940?

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Gold (XAU/USD) Daily Outlook