XAUUSD Weekly Outlook (Bearish Bias) 🐻📉
The outlook for XAUUSD this week remains firmly bearish. Price is already trading near our primary downside target, and a decisive break below this key structural level will be critical. Once breached, we will closely monitor how price reacts — whether buyers step in at any nearby demand zones or if momentum continues to favor a sustained move lower in line with the prevailing downtrend.
The Asian session on Monday will be especially important.
How price behaves during Asia — particularly the direction and where it closes — should provide an early indication of the market’s intent for the week ahead. This will help determine whether continuation to the downside is likely or if a corrective bounce may occur first, allowing us to position accordingly with higher confidence.
Overall, unless strong bullish rejection emerges from key support, rallies are likely to be viewed as selling opportunities while the broader bearish structure remains intact. 🎯