XAU/USD (Gold) 4H – Bearish Continuation SetupGoldOANDA:XAUUSDTRADE_WITH_CHARLIEMarket Structure Price has broken out of the ascending channel → clear shift from bullish to bearish structure. We saw a strong impulsive drop, followed by a corrective pullback (current price action). This confirms a lower high formation, aligning with bearish continuation. Key Zones Supply Zone (Red): Around 4,950 – 5,050 This is the origin of the last major sell-off. Strong institutional selling likely sits here. Entry Zone (Blue): Around 4,860 – 4,870 Price is reacting here now. This looks like a refined supply / mitigation zone. Trade Idea (Sell Setup) Entry: ~4,867 Stop Loss: ~5,038 Target: ~4,420 ✔️ Risk-to-reward is strong (roughly 1:3+) ✔️ Entry aligns with structure + supply Price Behavior Expectation Short-term: Possible minor liquidity sweep above entry (fake breakout). Then: Sharp rejection from supply Followed by: Bearish continuation toward 4,420 Your drawn path (curved move up then drop) is realistic — market often grabs liquidity before moving. Confluences Break of bullish structure Lower high formation Supply zone + imbalance Weak bullish retracement (no strong momentum)