After completing a strong nine-week bullish sequence on the weekly chart, XAUUSD appears to be entering a corrective phase that mirrors previous market behavior seen after extended impulsive rallies. Historically, such prolonged bullish runs often trigger profit-taking and short-term reversals as momentum fades and institutional traders rebalance positions. The current structure shows signs of exhaustion at the top, with a shift from large impulsive candles to smaller corrective ones, suggesting reduced buying pressure. If history repeats, gold may retrace toward the 50% Fibonacci zone, a level that often acts as a natural equilibrium between buyers and sellers before the broader trend resumes. This area also aligns with prior consolidation zones, making it a potential demand region where new accumulation could begin if the long-term uptrend remains intact.
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