The analysis focuses on XAUUSD, highlighting a breakdown below its May trendline, suggesting late shorts may face challenges. Key levels to watch are 3351 and 3404, identified using Time Price Opportunity (TPO), marking market imbalances. Retracements towards these levels are anticipated. The analysis suggests a possible rounded retrace toward 3404 before further decline. DXY is also discussed, noting it is within an ascending channel from its July low. A speculative scenario posits a DXY sell-off from current levels, targeting 98.50 or potentially lower, contingent on remaining below 99.35, supporting a potential gold rally towards 3404. A daily close above the May trendline would invalidate the bearish gold scenario.