XAU/USD Bearish Rejection Below Descending TrendlineGoldOANDA:XAUUSDSMART_MONEY_CIRCLEGold (XAU/USD) remains under bearish pressure after rejecting the descending trendline and failing to sustain a move above the Ichimoku cloud resistance. Price is trading below the key dynamic resistance, suggesting that sellers are still in control. The recent pullback from the lower high reinforces the bearish outlook, while the overall market structure continues to favor downside momentum. A break below the nearby support could trigger the next leg lower toward the marked target zone. **🎯 Target:** **3,996.686** **Bearish Invalidation:** A sustained break and close above the descending trendline and Ichimoku cloud would weaken the bearish scenario and could open the door for further upside.