Bearish Outlook – XAUUSD (12H Timeframe)GoldOANDA:XAUUSDOAS1984 Gold is currently showing strong bearish momentum after a clear rejection from the resistance zone around 5,280 – 5,380. The price failed to hold above this key supply area and initiated a sharp downward move, confirming seller dominance. The structure has shifted into a lower highs and lower lows pattern, indicating continuation of the downtrend. The recent impulsive drop suggests increased selling pressure and possible continuation toward lower demand zones. 🔻 Key Points: •Strong rejection from resistance (supply zone) •Breakdown below previous consolidation range •Bearish momentum accelerating with large candles •No clear reversal signals yet 📍 Support / Target Zones: •Immediate support: 4,400 – 4,450 •Next major demand zone: 3,800 – 3,700 📍 Resistance (Sell Zones): •4,900 – 5,000 (potential pullback area) •5,200 – 5,300 (major resistance)