Gold - Bears taking over control?

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Gold - Bears taking over control?Micro Gold FuturesCOMEX_MINI:MGC1!YouriverseGold is currently approaching a key decision point after a strong recovery from the lows. While the short-term structure has been bullish, price is now running into higher timeframe resistance, where reactions are starting to appear. This suggests that momentum is slowing and the market could be preparing for a shift or deeper pullback. Daily FVG Resistance Price has moved into a significant daily FVG, which is acting as a strong resistance zone. This area represents prior imbalance where sellers previously dominated, and the current reaction confirms that supply is still present. As long as gold remains within or below this zone without a strong breakout, upside continuation remains limited and rejection becomes more likely. Liquidity Sweep Gold has taken liquidity above recent highs, sweeping buy-side liquidity resting above the range. This type of move often traps late buyers and provides fuel for a reversal. The sweep into the daily FVG strengthens the bearish case, as it aligns with a classic setup of liquidity grab into higher timeframe resistance. 4H Bearish Reaction On the lower timeframe, a clear bearish reaction is visible from the 4H FVG within the larger resistance zone. Price tapped into this area and immediately showed rejection, indicating that sellers are stepping in with intent. This lower timeframe confirmation adds confluence to the idea that the current level is acting as a ceiling. Wickfill Below the current price, there is a large wick that remains partially unfilled. Markets often revisit these areas to rebalance inefficiencies, making it a logical downside target. A move lower to fill this wick would align with the bearish reactions seen at resistance and provide a clean path for price to retrace. Conclusion Gold is showing multiple signs of weakness at a key resistance zone: a liquidity sweep, rejection from the daily FVG, and bearish confirmation on the 4H. As long as price remains below this area, the probability favors a move lower, with the wick fill acting as the next likely target.