XAUUSD – Rejection at Resistance Signals Potential PullbackGoldOANDA:XAUUSDGoldenWave_AnalyticsGold (XAUUSD) is trading below the 4,116 resistance zone, where price has faced multiple rejections. After testing this area several times, bearish momentum is beginning to build, suggesting buyers are losing short-term control. The current structure indicates that as long as price remains below 4,116, the market could continue moving toward the next key support around 3,996. A decisive break above resistance would weaken this bearish outlook and may open the door for further upside. Key Levels: Resistance: 4,116 Support: 3,996 This analysis is based on current price structure and support/resistance levels. Always wait for price confirmation and manage risk according to your own trading plan. This publication is for educational purposes only and does not constitute financial advice.