GOLD showing short-term failing to sustain momentumGold / U.S. DollarFOREXCOM:XAUUSDMR_GOLD_12Gold is currently showing signs of short-term weakness after failing to sustain momentum near the upper resistance zone. On the chart, price is moving inside a rising channel, but recent candles indicate rejection from the upper boundary, suggesting buyers are losing strength. The main reason for the downward movement is rejection from resistance around the 4,820–4,840 area, where price previously struggled to break higher. This creates a supply zone, meaning sellers are stepping in strongly at that level. At the same time, price is forming lower highs on the smaller timeframe, which is an early signal of bearish pressure building. Another key factor is market structure shift. After making a strong upward move, gold is now consolidating and starting to lose bullish momentum. This often leads to a correction phase, where price pulls back to rebalance before any next move. Additionally, liquidity below current price is attracting the market. Levels around 4,740 and 4,700 act as targets because that’s where previous support and unfilled orders exist. Markets tend to move toward these zones to collect liquidity. You may find more details in the chart, Trade wisely best of luck buddies. Ps; Support with like and comments for better analysis Thanks for Supporting.