Gold (XAUUSD) – 4H Short Setup from Resistance Zone

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Gold (XAUUSD) – 4H Short Setup from Resistance ZoneGoldOANDA:XAUUSDElliana_FxGold is currently retesting a well-defined resistance zone around 4,800–4,860, following a strong corrective move from previous highs. Price action shows weakening bullish momentum with repeated rejection wicks near this supply area. πŸ”Ž Key Idea: Structure remains bearish overall (lower highs intact) Current rally appears to be a pullback into supply Potential short opportunity on rejection/confirmation 🎯 Trade Plan: Entry: Near resistance zone (wait for bearish confirmation) Target: ~4,270 (previous support zone) Invalidation: Clean breakout and acceptance above resistance ⚠️ Notes: Watch for liquidity sweeps above resistance before downside move Confluence with structure + zone makes this a high-probability setup Always manage risk and wait for confirmation β€” no blind entries πŸ”₯ If momentum shifts, this could deliver a strong continuation move to the downside. πŸ’¬ What’s your bias on Gold β€” breakout or rejection?