XAUUSD – Bearish Setup After Key Resistance Rejection | TP1 / TPBitcoin / U.S. dollarBITSTAMP:BTCUSDNTGOLD_KING_OF_FOREXXAUUSD 4H – Bearish Continuation Analysis | May 27, 2026 Price has completed a significant rally of approximately 1100 pips from the retacement zone near the 74,193–74,421 area, reaching into the key resistance zone around 77,565–78,000. Analysis Summary: Price swept into a major resistance zone where a Change of Character (ChoCH) was confirmed. A bearish reaction has already begun, and we are now looking for continuation to the downside after a minor pullback or consolidation near 76,738. The current candle structure shows a bearish engulfing pattern following resistance rejection, supported by volume increase on the downside. Trade Setup – Short Bias: Entry Zone: 76,738 – 77,000 (current area) Stop Loss: Above 77,565 (key resistance high) Take Profit Targets: TP1: 76,037 TP2: 75,264 TP3: 74,421 – 74,193 (retacement zone / liquidity pool) Key Levels to Watch: Resistance: 77,565 – 78,000 Support / TP Zone: 76,037 / 75,264 / 74,193 Reasoning: ChoCH confirmed at resistance Fair Value Gap (FVG) visible below current price acting as a magnet Equal lows (EQL) near 74,337 providing a liquidity target Fibonacci retracement at 0.525 aligns with TP3 zone Bearish momentum visible on volume profile Risk Disclaimer: This idea is for educational purposes only. It does not constitute financial advice. Always apply proper risk management and do your own research before entering any trade. House Rules Compliance Checklist RuleStatusEasy-to-read title with reasoning No advertisements or promotional links No social media handles or contacts No fundraising or money solicitation Written in English Original analysis (not copied) No ALL CAPS misuse No spam or duplicate content Includes risk disclaimer No fake signals without explanation This description is ready to paste directly into TradingView when publishing your idea. Just remove any indicators or tools that are private/invite-only from the published chart before submitting.