Gold is still under heavy selling pressure! (30M)XAU/USD Spot - GoldFX:XAUUSDbehdarkThe higher timeframes on Gold remain clearly bearish, and the overall market structure continues to favor the downside. After the previous bearish movement, Gold formed a corrective upward wave as a temporary recovery. However, the bullish momentum failed to continue, and the move was eventually rejected by strong selling pressure. Following this rejection, the trendline supporting the corrective structure was broken, providing an early indication that the upward correction was losing strength. A bearish Change of Character (CH) then formed, further confirming the shift in short-term market structure and increasing the probability of another bearish leg. At the moment, price is pulling back toward the premium zone — the higher-priced area of the previous wave. This area is particularly important because it aligns with the bearish CH while also remaining in the direction of the dominant higher-timeframe trend. Therefore, we are monitoring this premium area closely for a potential sell/short setup. We are not interested in chasing the downside move; instead, we prefer to see price return to the marked area and provide the appropriate reaction or confirmation before entering. The potential targets are clearly marked on the chart. Once Target 1 is reached, consider securing partial profits and moving the stop loss to breakeven to reduce the overall risk of the position. As always, the invalidation level is critical. If the stop loss is triggered, this setup will be considered invalid and we will exit the position rather than continuing to anticipate the bearish move. For now, the key area to watch is the marked premium zone and the reaction of price once it reaches this region.