Bearish Rejection at Key Order Block

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Bearish Rejection at Key Order BlockGold US DollarVANTAGE:XAUUSDmykelangeloPrice reached the bearish OB and was rejected, subsequently forming a CHOCH on the lower timeframe, which provided confirmation of a potential bearish move. Price has already started to decline; however, there is still significant room before reaching the bullish OB target area. If price retraces back into the 4,570.90–4,590.01 zone, I will look for a short entry, targeting 4,513.97, just above the bullish OB where I expect potential buying interest to emerge.