Looking at the weekly XAUUSD chart.

We’ve been riding a strong bullish structure off the 2025 lows along this LRL (Low Resistance Liquidity) trendline. Price made a solid push into the highs earlier this year, left an IDMT (Inducement), and has since started rolling over.

I’m currently looking at short entries in this area. We’ve got the iFVG overhead around 4,595–4,602 and a clear OB higher up acting as resistance. Price is sitting under the midpoint of the range and I’m expecting further expansion lower.

My target remains the big demand zone down around 3,300–3,250 if we keep selling off.

Just my weekly view — manage risk accordingly.

#XAUUSD #Gold #ICT