XAUUSD Rejection at 4,550 Signals Downside Risk To 4,390Gold / U.S. DollarFOREXCOM:XAUUSDLegionQ8Hello traders! Here’s my technical outlook based on the current XAUUSD (4H) chart structure. Price moved inside an ascending channel before a rejection at the top signaled a shift. A break below channel support confirmed bearish structure. Currently, gold is trading below the 4,550 resistance (seller zone) and near the 4,390 support (buyer zone), forming a triangle compression. As long as price remains below the 4,550 resistance, the bearish bias stays valid. A rejection from this area could push price toward the 4,390 support (TP1) as the next downside target. Please share this idea with your friends and click Boost 🚀