Gold at Channel Resistance – Bearish Pullback ExpectedGoldOANDA:XAUUSDXAUFxMasteryResistance & Stop Loss Zone Key resistance: 5,250 – 5,260 This zone aligns with: Upper channel resistance Previous intraday supply Stop loss is placed above this zone, confirming a sell-from-resistance setup. 🎯 Bearish Targets First target: ~5,000 Main target zone: 4,980 – 4,950 These levels align with: Channel midline / lower boundary Previous demand zone Strong reaction area in prior price action 📊 Bias Short-term: Bearish correction As long as price stays below 5,260, downside pressure remains valid. A clear break and hold above the channel would invalidate the bearish setup. ⚠️ Trading Note This is a pullback trade within a broader uptrend, not a full trend reversal. Proper risk management is essential due to high volatility in gold.