SmartPips

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Market Update – XAUUSD

Price has failed to break through the key POC-zone between 4,850 and 4,900.
As long as this area caps price, the bearish structure remains intact.

There is no confirmed shift in market structure at this stage. Buyers have attempted to push higher, but follow-through is weak and acceptance above this zone has not been achieved.

Key takeaway:
• The broader bias remains to the downside.
• Any upside move is still considered corrective until proven otherwise.
• A structural change requires a clean break and hold above resistance — which has not occurred.

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