XAUUSD /GOLD Gold vs US DollarICMARKETS:XAUUSDMARKET_WIZARD1Gold continues to trade below the major resistance zone around 4,060–4,070, where sellers have repeatedly defended the market. The recent price action shows a clear lower high formation after failing to regain bullish momentum, while the overall market structure remains bearish following the previous break of structure and double-top rejection. As long as price stays below the highlighted resistance, the path of least resistance remains to the downside. A rejection from the key supply area could trigger another bearish leg toward the nearest support zones. However, if buyers reclaim 4,060–4,070 with strong momentum, a short-term recovery toward higher resistance levels may become possible. (SELL BIAS) 📉 🔴 1st Support: 4,000–4,010 🔴 2nd Support: 3,975–3,980 🟢 Key Resistance Zone: 4,060–4,070 ✅ Market Focus: Traders are closely watching upcoming U.S. economic data and Federal Reserve expectations, as any strength in the U.S. Dollar or hawkish sentiment could increase selling pressure on Gold. Until a confirmed bullish breakout occurs, sellers remain in control. ⚠️ Disclaimer: This analysis is for educational purposes only and is not financial advice.