XAUUSD — FVG Rejection Sell SetupGoldOANDA:XAUUSDGold_Prime_Smc Market Context Gold is trading around $4,388 after rejecting from the BSL + Supply area near $4,430. Price remains inside the rising structure, but repeated failure to hold above the upper imbalance suggests the current rally is losing momentum near premium territory. Macro risk is elevated ahead of today’s US CPI release. At the same time, geopolitical tensions and firmer oil prices are supporting safe-haven demand while also keeping inflation concerns active, which could increase volatility around the marked zones. SMC View The earlier MSS and BOS confirmed the bullish expansion, but price has now reacted from external liquidity and returned below the $4,392–$4,405 FVG / Imbalance. This FVG is the main decision zone. Selling at the current price would mean chasing after the first rejection, so the cleaner setup is a retracement into the imbalance followed by bearish structure confirmation. Main Trading Scenario Condition: Gold retraces into the $4,392–$4,405 FVG / Imbalance and forms a clear bearish rejection. A lower-timeframe bearish MSS or CHOCH is required before entry. Entry: $4,392–$4,405 after bearish confirmation SL: Above $4,415 and the rejection high TP1: $4,358–$4,368 TP2: $4,298–$4,308 Key Zones to Watch Current price: $4,388.095 Main sell zone: $4,392–$4,405 BSL + Supply: $4,428–$4,438 Reaction zone: $4,358–$4,368 Internal Demand: $4,298–$4,308 Major Demand: $4,230–$4,240 Invalidation: Acceptance above $4,415 Confirmation: Bearish rejection with MSS or CHOCH Prime Gold View The sell bias remains focused on a confirmed rejection from the $4,392–$4,405 imbalance rather than an immediate entry. The BSL + Supply rejection gives sellers a valid higher-timeframe reference, but confirmation remains essential while the broader structure is still elevated. If sellers defend the FVG, Gold could rotate toward the $4,358–$4,368 reaction zone and potentially the Internal Demand near $4,300. Acceptance above $4,415 would weaken the immediate setup. No confirmation, no trade.