XAUUSD Technical Analysis: Bearish Rejection from Institutional GoldOANDA:XAUUSDMuhammad_001XAUUSD (Gold) 30-Minute Chart Analysis Gold is currently showing a strong bearish structure after respecting the overhead resistance zones. Here is a breakdown of the current market scenario: 🔍 Key Levels & Observations: Institutional Supply Cap: Price recently tested the 4,540.000 area but faced strong rejection, confirming heavy institutional selling pressure in this zone. Intermediate Expansion Cap: This upper zone (4,580.000) remains intact as the major macro resistance. Current Price Action: XAUUSD is hovering around 4,512.325, breaking below the immediate minor support, indicating that sellers are currently in control. Projected Move (Bearish Continuation): The dotted path suggests a liquidity hunt towards the downside: Mark 1 (First Target): We expect the price to drop towards 4,480.631, which aligns with the previous structural support. Mark 2 (Terminal Sink): If the bearish momentum continues, the final liquidity target lies at 4,459.489 (Terminal Sink). 💡 Trading Strategy: Look for sell opportunities on minor pullbacks or a clean break below the current consolidation. Keep an eye on the invalidation if the price closes back above the Institutional Supply Cap. Proper risk management is highly recommended. --- What do you think? Will Gold hit Mark 2 or reverse from Mark 1? Let me know your thoughts in the comments! 👇