XAUUSD Bearish Continuation: Sell the Pullback from Supply Zone

Wait 5 sec.

XAUUSD Bearish Continuation: Sell the Pullback from Supply ZoneGoldOANDA:XAUUSDGold_Market_MindHere’s a clean breakdown of your XAUUSD 15M setup: πŸ” Market Structure Overall bias remains bearish β€” clear sequence of lower highs and lower lows. Price respected the descending trendline / bearish channel, confirming continuation pressure. The marked β€œsell zone” aligns with prior supply and rejection area β†’ strong institutional interest. πŸ“¦ Key Zones 4,579 – 4,582 (Supply / Stop Hunt Zone) β†’ Likely liquidity grab before continuation down 4,557 Area (Mid Resistance Flip) β†’ Previously support, now acting as resistance 4,541 – 4,520 (Support Zone) β†’ Current reaction area, short-term bounce possible 4,508 (Target) β†’ Clean downside liquidity pool πŸ“‰ Price Behavior Consolidation formed under resistance β†’ bearish accumulation Fake breakout above minor structure β†’ liquidity sweep Strong impulsive drop confirms institutional selling Current move = corrective pullback, not reversal (yet) πŸ“Š Trade Scenarios πŸŸ₯ Bearish Continuation (Primary Setup) Wait for price to retrace into 4,557 – 4,579 Look for: Rejection wicks Bearish engulfing Lower high formation Targets: 4,520 4,508 (main liquidity target) 🟩 Counter-Trend Bounce (Secondary) If support at 4,541 holds strongly Short-term move toward: 4,557 Possibly 4,579 liquidity zone But this is against the main trend ⚠️ Key Insight This is a classic sell-the-pullback market. The breakout you marked confirms distribution β†’ now price is likely seeking lower liquidity before any major reversal. 🧠 Summary Trend: Bearish Strategy: Sell rallies, not bottoms Confirmation: Wait for rejection at supply, avoid early entries