XAUUSD Next Week: Still Selling or Trap at 4,600?GoldOANDA:XAUUSDRyan_TitanTraderGold looks heavy going into next week. The rejection from the ATH wasn’t just a pullback — it clearly shifted structure with a clean ChoCH, and since then price has been printing lower highs inside a bearish range. That tells me the move isn’t done yet. The way I see it, this looks like a classic distribution after the highs. Buyers got trapped above, and now price is slowly grinding down, targeting sell-side liquidity below 4,500 and potentially deeper into 4,350. The key is that price is still trading in premium relative to that downside draw, so I’m not interested in buying here. The main area I’m watching is 4,600–4,650. If price pulls back into that zone and shows rejection or a lower timeframe ChoCH, that’s where I want to get involved on the short side. Ideally, we see a small liquidity sweep into that area before continuation. Targets are clean: first 4,500, then 4,482, and ultimately 4,351 where more liquidity sits. If momentum stays strong, I wouldn’t rule out an extension toward the 4,100 area later on. The only thing that breaks this idea is if price reclaims and holds above 4,650–4,700. That would invalidate the bearish structure for me. For now, I’m sticking with sell-the-rally. Are you waiting for confirmation or taking the first touch?