XAUUSD | TRADING PLAN M30 02/09/2026GoldOANDA:XAUUSDFireWave_Gold✅ XAUUSD/M30 - Gold is still maintaining a bearish structure as price continues to form Lower High – Lower Low structures, with the descending trendline remaining intact. The EMA trend structure also remains bearish, with EMA34 below EMA89, indicating that sellers are still in full control. The current upward move from the 428x area is considered a pullback and there is still insufficient confirmation of a trend reversal. 1. SELL SCENARIO - Price is currently correcting after the strong sell-off toward the 428x area and is approaching the 433x Resistance zone. If price fails to break out and selling pressure returns, the continuation sell setup could target 431x – 430x. => The 433x Resistance zone is where selling pressure previously emerged and drove price back toward 428x, while also aligning with the dynamic resistance of EMA34 (M30). - If the recovery is strong and price breaks above the 433x Resistance zone + closes a candle above EMA34 (M30), then wait for price reaction at the Supply Zone (4351 – 4356). If price fails to break through this zone and selling pressure returns on M5 – M15, the sell setup remains in line with the prevailing trend. => The Supply Zone (4351 – 4356) aligns with FIBO 0.618 + the descending Trendline + EMA34 (H1). If price is rejected from this zone and a strong sell-off pushes price back to test the Support zones around 430x – 428x, this could create an opportunity for further downside continuation. If a confirmed candle breaks below the 428x Support zone, the next downside targets could extend toward 424x – 420x. Key Levels: Resistance 433x Supply Zone (4351 – 4356) + FIBO + EMA + Trendline Resistance 439x 2. BUY SCENARIO - Buying at the current level is not the preferred scenario because the higher timeframes (H1 – H2 – H4) remain bearish. Only shift to a Buy bias if price clearly breaks above the Supply Zone (4351 – 4356) + closes an H1 candle above EMA34 + successfully retests this zone as support and buying pressure continues. => If these conditions are confirmed, the short-term bearish structure would show signs of being broken, potentially opening the way for an upward move toward 437x – 439x. => If an H1 candle continues to close above the 439x Resistance zone, the bearish structure would be progressively invalidated, opening up a clearer recovery opportunity. Key Levels: Support 430x Support 428x Support 424x