📉 Reasons for the Sharp Gold Decline (3871 → 3797)
1) Doji Formation on H4
Signals indecision at the top after a strong rally.
Often precedes a corrective pullback when bulls lose momentum.
2) RSI Negative Divergence
Price made a higher high, but RSI failed to follow → weakening momentum.
Indicates potential reversal or strong corrective move.
3) Correction on Channel Upper Line
Gold was touching the upper boundary of its ascending channel.
Sellers stepped in at resistance, triggering a sharp downward move.
💡 Summary:
The drop is a natural corrective reaction after hitting technical resistance and overextended conditions.
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