XAUUSD – Higher Timeframe Premium Zone Rejection SetupGoldOANDA:XAUUSDSelena_FX_TraderGold is currently reacting from a higher timeframe premium area, with price tapping into a 1D Fair Value Gap (FVG) while showing signs of weakness after a strong impulsive move. After forming a rising structure, price has now: Broken short-term structure to the downside Left behind inefficiencies above Started respecting a descending channel This suggests a potential shift in momentum from bullish to bearish, at least in the short-term. Key Observations: 1D FVG (Premium Zone): Acting as a strong supply area Trendline Break: Indicates weakening bullish control Liquidity Context: Upside liquidity has been taken, increasing probability of retracement Current Positioning: Price trading below mid-range, showing bearish pressure Possible Scenario: Price may continue to: Retrace slightly into inefficiency / minor supply Then expand lower toward the discount zone (blue area) Sweep internal liquidity before any higher timeframe continuation Important Levels: Resistance Zone: 4,850 – 4,950 (HTF FVG) Current Price Area: Around 4,700 Target Area (Discount Zone): 4,400 – 4,500 Approach: Focus on lower timeframe confirmations (M15 / M5) Look for: CHoCH / BOS to downside Bearish displacement FVG retracement entries Note: This analysis is for educational purposes and reflects a potential market scenario based on price action and liquidity concepts. Always manage risk and wait for confirmation before making any decisions.