The Rally May Already Be Over XAUUSD 03/06GoldOANDA:XAUUSDAdrian_NovaTraderXAUUSD is showing renewed bearish pressure after failing to break through the major 4,570–4,580 supply zone. The strong rejection from premium pricing suggests sellers remain firmly in control, turning the recent bullish recovery into what now appears to be a corrective retracement rather than a genuine trend reversal. Price has already begun respecting a fresh descending structure, with lower highs continuing to develop as momentum shifts back toward the downside. Unless buyers can reclaim key resistance, the market may continue seeking liquidity below recent lows. Currently • Price was rejected aggressively from the 4,570–4,580 supply zone • Recent bullish recovery has stalled • Short-term market structure is turning bearish • Sellers continue defending premium pricing • Lower highs are beginning to form • Price is approaching sell-side liquidity below current levels Trading Plan Bias: Bearish Continuation Main Zone • 4,570–4,580 → H2 Supply Zone / Bearish Order Block Execution Idea As long as price remains below the 4,570–4,580 supply zone, sellers may continue pressing the market lower toward resting liquidity beneath recent swing lows. The current rejection suggests the market has completed its retracement phase and may now be preparing for another bearish expansion into the major demand area below. Targets → TP1: 4,440 → Internal Liquidity → TP2: 4,400 → Previous Swing Low → TP3: 4,370–4,390 → Major Demand Zone / Sell-Side Liquidity Invalidation A confirmed H2 candle close above 4,580 would invalidate the bearish continuation scenario and suggest buyers are regaining short-term control. Key Insight The rejection from major supply has shifted momentum back toward sellers. Unless buyers can reclaim the 4,570–4,580 resistance zone, the path of least resistance remains lower toward the 4,370–4,390 liquidity objective. Key Question Has the bullish retracement already ended, or will buyers make one final attempt before sellers drive Gold back into demand?