XAUUSD Gold testing support, correction possible

After a strong rally, gold entered a correction phase. Price broke the ascending channel and now trades around 4030–4050. The chart structure suggests a potential retest near 4070–4090 before continuation to 3960 (Target 1) and 3856 (Target 2).
CCI confirms weak buying momentum and volume profile shows high liquidity zones above current price — favoring a pullback.

Investors are taking profits after gold’s rally amid softer Fed outlook and possible dollar rebound. While long-term fundamentals stay bullish, short-term correction looks likely.

Sell setup from 4070–4090 zone with targets 3960 and 3856, stop 4110.
Valid while price remains below 4110.