Gold Breakdown Setup | Key Support Test Incoming

The market recently broke below a rising trendline and exited a consolidation zone, signaling potential weakness.

📉 After the breakdown, price formed a lower high and is now retesting the 3,290–3,300 zone. If this minor resistance holds, we could see further bearish continuation.

🔷 Key Level to Watch:
Support around 3,212 — this is a major area where price previously reacted.

📉 Scenario:
Expecting a rejection from current levels, leading to a potential move toward the support zone. If 3,212 breaks, it may open doors to even lower targets.

💡 Trade Idea:
Wait for a confirmation (bearish structure) near the retest area. If confirmed, consider short setups with target around the support level.

✅ Always use proper risk management and confirm with your own analysis