Key Rejection on Gold: Sellers Take ControlGold vs US DollarPEPPERSTONE:XAUUSDfullpriceactionThe gold market (XAU/USD) is currently showing a clearly bearish structure following a clean rejection from a key resistance zone located between the 0.618 and 0.786 Fibonacci retracement levels. This area acted as a supply zone, confirmed by multiple rejection wicks and the inability of buyers to sustain price above it. The break of intermediate support triggered a bearish impulse, followed by a technical pullback toward the 0.5 level, which is now acting as dynamic resistance. The overall trend remains fragile as long as price stays below the previously broken ascending trendline. The preferred scenario is a continuation to the downside toward the next major support around 4,360, a liquidity zone where the market could seek rebalancing. A bullish recovery would only be considered if price clearly reclaims the 0.618 level with structural confirmation.