GOLD Bearish Continuation SetupXAU/USD Spot - GoldFX:XAUUSDjohnconner966This chart outlines a bearish ABCD continuation setup developing within a tightening wedge. Price initially declined from the swing high at A into point B near 4,020, forming the first bearish impulse. From B, price rebounded toward C around 4,095–4,100, where several resistance factors converge: The 0.50 Fibonacci retracement The descending trendline Major resistance near 4,100 A rejection from this confluence zone could initiate the next bearish leg. A break below the rising support trendline would strengthen the continuation scenario, with the projected D target near 3,970.41, approximately aligned with the 1.618 Fibonacci extension. The setup becomes invalid if price closes decisively above the descending resistance and sustains above the 4,100–4,120+ resistance zone.