Gold’s Head & Shoulder Has Broken — Sellers Have Control

Gold has now given a clear breakdown from the Head & Shoulder neckline around 4290–4310 on the 4H chart. The structure itself shows a major shift in psychology: the left shoulder formed near 4450, the head pushed towards 4700, but the right shoulder could only recover towards 4500 before sellers returned aggressively. That lower recovery showed buyers were losing strength even before the neckline broke. Now price is trading below 4300 with RSI near 33, confirming strong bearish momentum. Buyers who kept defending this neckline are getting trapped, while liquidity below the recent lows is now vulnerable. The important thing from here is whether Gold stays below 4290–4310. A small bounce or retest of the broken neckline can happen, but if buyers fail to reclaim it, that old support can turn into fresh resistance and sellers can become aggressive again. The next major support is around 4130–4150, which becomes the natural downside zone if this breakdown continues. Any weak retest towards 4300 should be watched carefully because the Head & Shoulder is already activated below the neckline, rallies can become selling opportunities and the correction can get much deeper.