The bearish scenario remains dominant.GOLD (US$/OZ)TVC:GOLDNWindGold🚩Market structure analysis XAUUSD is maintaining a bearish structure after continuously creating progressively lower highs and lower lows. The recent sharp decline pushed the price to the support zone around 4.97x, where the market began to show a slight rebound. However, this is likely just a technical rebound within the main downtrend. Currently, the price is trending upwards to retest the upper resistance zones, notably the 5,030 – 5,060 area. This is the confluence of the previous horizontal resistance and the EMA line, and also the area where the price was previously strongly rejected. If the price approaches this zone and shows signs of weakness such as reversal candlesticks, the market is highly likely to continue facing selling pressure. In the main scenario, after the rebound, the price may continue to fall to a deeper support zone around 4,910. Conversely, if the price breaks decisively above the 5,060 zone, the bearish structure will be broken. 📈Key Level Support 4977-4910 Resistance 5030-5060 Trade at support and resistance levels, waiting for a clear price reaction. Trade with optimal risk-reward ratio and always set a stop loss for all orders.