*XAUUSD : Short-term: Overdone | 6–10% correction* (4 to 8 weeks) | Cmp -$3298.48 | Long-term: *Mega trend* intact, can go above *$4,000 : 28.05.2025 *SPECIAL TURNING POINT : XAUUSD : Short-term: Overdone | 6–10% correction* *Bearish View* for *XAUUSD (Spot Gold)| Time to book Profits | Expect 6-10% Correction* : 28 May 2025 *Key Notes* * XAUUSD (Spot Gold) - Time to Book Profits - 28.05.2025 * Short-term: Overdone, expect Profit booking *6–10% correction* (4 to 8 weeks) * Long-term: *Mega trend* intact, can go above *$4,000* ( Use the dip as opportunity to reenter) *Stock Exchange*: Forex / Commodity (Spot Gold) *Stock Name*: XAUUSD (Spot Gold) *Current Market Price (CMP)*: $3298.48 *Current Trend Summary*: Bullish structure showing signs of weakening; consolidation indicates momentum loss *Trading Zone Summary*: $3100–$3350 is a key battle zone. Breakdown below $3100 signals short-term trend reversal. *Trade Suitability*: Sell on breakdown below $3100 or on rejection near $3350 resistance **How Traders Can Approach**: Aggressive traders may initiate short positions if price sustains below $3100, using a tight stoploss above $3180. *Chart Outlook & Prediction* * Gold’s recent price action indicates a potential topping pattern near $3350. Weekly candles show indecision and weakening momentum, with RSI diverging and volume shrinking. A decisive breakdown below $3100 may lead to a healthy correction toward $2650, making this a high-risk phase for fresh long positions. *Fundamental Catalyst* * A stronger US dollar, decreasing geopolitical risk, or hawkish Fed signals could pressure gold prices. Additionally, if inflation cools or interest rate hikes are hinted, safe-haven demand for gold may diminish, pushing prices lower. Institutional profit booking could further accelerate downside momentum. *Support and Resistance Levels* * Resistance: $3350 and $3450 * Support: $3100, followed by $2950, $2800, and $2650 *Breakdown Strategy (Bearish)* * Entry: Below $3100 | Stoploss: $3180 * Target 1 - $2950 | Target 2 - $2800 | Target 3 - $2650 *Caution Notes* * All bullishness negates below $3100 * All bearishness negates above $3350 *Overall Conclusion* * Gold looks vulnerable to a correction. It is suitable for a *bearish approach only if $3100 is broken* on the downside. Until then, remain cautious. Avoid long trades unless strong buying resurfaces above $3350. This setup favors disciplined, risk-managed shorting opportunities. If gold breaks below $3100, short opportunities arise with targets of $2950–$2650. Traders should approach with caution and discipline. Use stoplosses and confirm with momentum indicators before initiating trades. Until a clear breakout above $3350 or breakdown below $3100, avoid aggressive positions. *Trading Strategy Note* * We recommend entering the trade strictly *within the specified levels*. Avoid initiating trades outside the range, as it compromises risk/reward balance and increases the probability of whipsaws. *Disclaimer : All views are purely technical and educational. Market conditions can change rapidly. Always use stoploss and do your own due diligence before trading.*