### Gold Important Analysis XAU/USD 04/07-04/11

Currently, there is a prevailing sentiment among traders leaning towards a bearish outlook. Many who missed their selling opportunity on Friday may experience regret, and upon witnessing any initial selling pressure on Monday, they are likely to jump in. This sets up a potential trap that I intend to exploit. I anticipate the market will either move sideways or experience a slight bullish uptick before we see any significant movement.

It’s important to note that larger market players have already sold off positions from the all-time high of 3137. Meanwhile, retail traders have begun selling following the breach of key psychological levels. Those holding short positions overnight often place their stop losses near these critical levels, providing an opportunity for the market to manipulate their positions—this is precisely the strategy I plan to implement.

While the broader market structure remains bearish and we could see a potential breakdown below the 3000 level in the coming days, I believe we might witness a brief bounce in the meantime.

#### Current Market Conditions:
The market is currently oscillating between key weighted levels, indicating a period of indecision. The primary levels to watch for potential breakouts and reversals are:
- Resistance Level (Upper Gap): 3055
- Support Level (Lower Gap): 3031

#### Bullish Outlook: First Target 3055
- Initial Bullish Target: If the price manages to cross and lock above 3055, this will trigger a subsequent bullish target of 3075.
- Additional bullish targets with respective EMA5 locks:
- 3075 → 3092
- 3092 → 3117
- 3117 → 3142
#### Bearish Outlook:
- Initial Bearish Target: Conversely, a cross and lock below 3031 will set up bearish momentum, targeting 3015.
- Additional bearish targets with respective EMA5 locks:
- 3015 → 2999
- 2999 → 2975
- 2975 → 2950
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