XAUUSD at Supply Zone – Pullback Toward 4800 in PlayGoldOANDA:XAUUSDGold_Market_Mind📊 XAUUSD (Gold) 15M – Price Action Analysis The chart shows a strong intraday bullish structure that has just reached a critical supply zone (~4829–4832). Price is now reacting, and this is where decision-making matters. 🔍 Market Structure: Clear higher highs (HH) and higher lows (HL) → bullish trend intact Momentum slowed as price entered the previous support zone That zone is now acting as resistance (flip zone) 🧠 Current Behavior: Multiple rejections inside the supply area Wicks forming → liquidity being taken No strong bullish continuation candles yet → buyers are hesitating This is typically where: Either continuation breakout happens, or distribution → pullback begins 📉 Bearish Setup (Higher Probability for Now): If price continues to reject this zone: Expect a move toward: 4815 (minor intraday support) 4800 (major psychological + target level) ✔️ Confluence: Exhaustion after bullish push Supply zone reaction Potential lower high formation 📈 Bullish Scenario: If buyers step in strongly: Break above 4832–4845 Hold above → continuation toward 4845+ highs ⚠️ Weak breakouts (no volume / wicks) = fakeout risk ⚖️ Key Levels: Resistance: 4829 – 4832 Intraday Support: 4815 Major Target: 4800 🧭 Conclusion: Market is at a decision point. Right now, price favors a short-term pullback unless bulls reclaim the zone with strong conviction.