XAUUSD REJECTION CONFIRMED – GOLD READY TO DROP?GoldOANDA:XAUUSDAM_AlphaTradingGold Facing Heavy Resistance – Bears Preparing For Impact! XAUUSD XAUUSD is currently trading below a major supply/resistance zone around 4370 – 4380, where price has faced multiple rejections, signaling strong seller presence. After a sharp bearish impulse, gold attempted to recover but is still struggling to reclaim the key zone. The repeated rejection from resistance suggests that sellers remain in control unless bulls break and close above the supply area with strong momentum. From a price action perspective, gold may attempt a short-term retracement into resistance before continuation lower. If the supply zone continues holding, bearish momentum could drive price toward the next key demand/support levels. The current structure favors a sell-on-rejection scenario, especially if price forms bearish confirmation candles near resistance. 🔑 Key Levels: Major Supply / Resistance Zone: 4370 – 4380 (strong rejection area) First Bearish Target / Support: 4240 – 4250 (reaction zone) Psychological Support Zone: 4185 – 4200 (major demand area) 📊 Market Outlook: ✔️ Bearish below the 4370–4380 supply zone ✔️ Multiple rejections show seller dominance ✔️ Possible retracement before downside continuation ✔️ Breakdown could accelerate bearish momentum toward support 💬 If you found this analysis useful, don’t forget to support with a Like 👍 and share your view in the comments! ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always wait for confirmation and apply proper risk management before entering any trade.