XAUUSD — Strong Supply Rejection & Bearish Continuation ScenarioGold / U.S. DollarFOREXCOM:XAUUSDZACKFX7XAUUSD is currently reacting from a strong supply zone, where aggressive selling pressure has capped the recent bullish move. After a sharp UTA (Upthrust Action) and rejection from the highs, price failed to sustain above the premium area, signaling potential distribution and buyer exhaustion. The market is now consolidating below supply with an unfilled FVG, which acts as short-term resistance. As long as price remains below this imbalance and supply zone, bearish continuation is favored. A breakdown below the intraday support opens the path toward the lower demand zone, which is marked as the primary downside target. From a fundamental perspective, de-escalation in geopolitical tensions reduces safe-haven demand, adding further bearish pressure on gold. This aligns with the technical structure, supporting the idea of a corrective-to-bearish move in the near term.