XAUUSD Rejection From Major Resistance – Rising Support Under PrGOLD (US$/OZ)TVC:GOLDNavira1Gold is currently reacting from a well-defined horizontal resistance zone that has already produced multiple rejections. Price tapped this area again and sellers stepped in, forming another lower high. At the same time, the market is holding above a rising trendline support, creating a tightening structure between resistance and ascending support. This type of compression often leads to a decisive move. As long as price remains below the highlighted resistance zone, downside pressure may continue toward the trendline support. A clean break below the rising support could open the path for further bearish continuation. On the other hand, a strong breakout and acceptance above resistance would invalidate the bearish bias and shift momentum upward. Key Levels Resistance Zone: 4,860 – 4,900 Intraday Supply: 4,770 area Rising Support: Trendline below current price Bearish Trigger: Break and close below trendline Bullish Trigger: Strong breakout above resistance Scenario Rejection from resistance → continuation lower Range compression → volatility expansion soon Liquidity resting below recent lows Note: This analysis is for educational purposes only and reflects price structure, not financial advice. Always wait for confirmation and manage risk properly.