XAUUSD – Premium Reaction | Structure Will DecideGold (XAUUSD)CAPITALCOM:GOLDSergiu_SmartMoney🔍 Current context - Price tapped premium / bearish OB zone (~4725–4735). - Clear rejection + LH formation → weakness confirmed. - Market structure = downtrend (LH + LL). - Reaction at 0.382 fib (~4724). 🧠 Market behavior - Supply reaction + inducement above LH. - No acceptance above → only wicks. - Looks like a pullback, not reversal. 📉 Main scenario (Bearish) - As long as price stays below 4735–4750 ➡️ targets: - TP1: 4675 - TP2: 4644 - TP3: 4616 ✔️ Confirmation: - bearish BOS lower TF - rejection continuation 📈 Alternative scenario (Bullish) - Acceptance above 4755–4760 ➡️ opens move toward 4820+ ❗ Not active yet. 🎯 Conclusion 👉 This is a pullback in a downtrend 👉 Smart Money sells premium 👉 Downside continuation remains the high-probability path