XAUUSD – Bearish Continuation | FVG Retest & Key Downside TargetGoldOANDA:XAUUSDamellia_conceptsGold is currently trading around 3875.645 after a strong bearish move that pushed price below several important support levels. The overall market structure remains bearish with sellers maintaining control. However a short-term corrective bounce toward the Fair Value Gap (FVG) could develop before the next potential downside move. 1. Current Market Structure Price has established a clear bearish sequence with lower highs and lower lows. The recent selling pressure indicates strong downside momentum. Any recovery should be treated as a potential retracement until buyers confirm a meaningful market structure shift. 2. Key Resistance 1: 4012–4032 This is an important resistance zone where sellers may return. A rejection from this area could support further bearish continuation. 3. Key Resistance 2: 4063–4082 This is the major higher resistance zone. A sustained move above this region would weaken the current bearish outlook and suggest a possible bullish recovery. 4. Fair Value Gap (FVG): 3923–3950 Price may retrace into this imbalance zone to rebalance the recent bearish displacement. I will monitor the reaction here for bearish confirmation before considering continuation. 5. Downside Target: 3836–3850 This is the first major downside target area. A confirmed rejection from the FVG could bring price toward this zone. 6. Major Support: 3812.181 If sellers maintain pressure and price breaks below the first target area, the next important level is 3812.181 where further liquidity may be targeted. Trading Scenario My primary bias remains bearish. I will watch for a corrective move toward 3923–3950 followed by bearish rejection and lower-timeframe confirmation. A failure to reclaim this FVG would strengthen the continuation scenario. Alternatively if buyers reclaim 3950 and establish bullish structure the bearish setup may require reassessment. Conclusion: Gold remains under bearish pressure. The FVG is the key reaction area to watch for the next move. Patience and confirmation are important before considering any entry. This analysis is for educational purposes only and is not financial advice. Always apply proper risk management.