XAUUSD – Gold Price Outlook | Potential Bearish Continuation

• Price action may have completed a triangle wave formation within a larger bearish market structure.
• A smaller-scale distribution phase around the 4200 level appears to have been completed.
• Price may revisit the 4160 level to form a Backup (BU) event, potentially setting the stage for a larger bearish move.

Disclaimer: This analysis reflects my personal market perspective and is provided for informational purposes only. It does not constitute financial or investment advice.