Bearish Channel Continuation After Rejection from Supply & FVG GoldOANDA:XAUUSDPipshunter27🔍 What’s Happening (Clean Analysis) You’re looking at a well-defined descending channel with price respecting both boundaries consistently — that already biases things bearish unless structure breaks. The earlier Break of Structure (BOS) confirms downside momentum. Then a Change of Character (CHoCH) gave a temporary bullish shift — but it failed to create continuation. Price rallied into: A supply zone (green area) The channel resistance A marked Fair Value Gap (FVG) That’s a triple confluence rejection area, and price reacted exactly there. Now price is rolling over again → suggesting the bullish move was just a retracement, not a reversal. ⚠️ Key Insight This is not a neutral setup. It’s a bearish continuation setup unless structure is broken above the channel + supply. 🎯 Target Levels (Logical, Not Random) 🥇 First Target (Conservative) Mid-range / internal liquidity Around the previous consolidation base Roughly: ~4,600 – 4,595 zone 👉 This is where price may pause or bounce. 🥈 Second Target (Primary) Channel low / previous swing low Alignment with prior BOS area 👉 Roughly: ~4,580 – 4,570 zone 🥉 Extended Target (If Momentum Expands) Channel continuation projection Potential liquidity sweep below lows 👉 Roughly: ~4,550 area 🚫 Invalidation (Important) Your bearish idea weakens if: Price breaks and holds above the supply zone Or closes above channel resistance That would shift bias toward a deeper bullish retrace or reversal. 🧠 Bottom Line Trend: Bearish Current move: Retracement into supply Expectation: Continuation downward Best mindset: Sell rallies, not chase lows