XAUUSD — Bearish Structure Below Sell FVGGoldOANDA:XAUUSDGold_Prime_Smc Gold is trading around $4,034 after failing to hold the short-term recovery from the weekly low area. Price is still moving below the recent supply structure, and the current reaction remains weak under the Sell FVG zone around $4,051–$4,058. From an SMC perspective, gold has already shifted into a bearish structure after the previous BOS to the downside. The recovery from the liquidity zone did not create a strong bullish continuation. Instead, price formed a lower reaction, rejected below the upper liquidity levels, and is now consolidating under the key FVG sell area. This shows that sellers are still defending the short-term structure. The main zone to watch is the Sell FVG around $4,051–$4,058. If gold pulls back into this zone and forms bearish rejection, the downside scenario remains valid. The next target would be the liquidity zone near $4,000–$3,990, then the weekly low around $3,984. If that low breaks cleanly, gold may continue deeper toward the lower liquidity area. Sell setup 1 Condition: Gold pulls back into the Sell FVG zone around $4,051–$4,058 and forms bearish rejection with lower timeframe MSS / CHOCH. Entry: $4,051–$4,058 SL: above $4,082 TP1: $4,025 TP2: $4,000 TP3: $3,984 TP4: $3,960 Sell setup 2 Condition: If gold breaks below the current short-term support and retests it as resistance, bearish continuation remains valid without waiting for a deeper pullback. Entry: below $4,025 after breakdown retest SL: above $4,051 TP1: $4,000 TP2: $3,984 TP3: $3,960 Sell setup 3 Condition: If gold sweeps above the Sell FVG but fails to break above $4,082 buyside liquidity, this can create a stronger liquidity-trap sell setup. Entry: after rejection below $4,082 SL: above $4,105 TP1: $4,051 TP2: $4,025 TP3: $3,984 Buy scalping setup Condition: Buying is not the main priority. A buy scalp is only valid if gold sweeps the weekly low around $3,984 and forms a strong bullish rejection. Entry: $3,984 after bullish rejection SL: below $3,960 TP1: $4,000 TP2: $4,025 TP3: $4,051–$4,058 Key levels Current price area: $4,034 Sell FVG zone: $4,051–$4,058 Buyside liquidity: $4,082 Strong liquidity: $4,104 Short-term support: $4,025 Liquidity zone: $4,000–$3,990 Weekly low: $3,984 Lower bearish target: $3,960 Bearish continuation confirmation: clean break below $4,025 Stronger bearish confirmation: clean break below $3,984 Bearish invalidation: clean 2H close above $4,105 My current view is that gold remains in a bearish structure while price stays below the Sell FVG zone and the $4,082 liquidity level. The Prime Gold plan is to avoid buying too early in the middle of the range and wait for either a pullback into $4,051–$4,058 or a clean breakdown below $4,025 before looking for sell confirmation. If sellers continue to defend the FVG, gold may move lower toward $4,000, $3,984 and potentially $3,960. No confirmation, no trade.