XAUUSD Weak High Rejection Bearish Pullback SetupGoldOANDA:XAUUSDProfitPro669Gold is showing signs of hesitation after a strong bullish rally into the upper resistance zone. Price has approached the weak high and faced selling pressure, suggesting that buy-side liquidity may be targeted before a potential bearish reversal develops. From a Smart Money Concepts (SMC) perspective, the key confirmation will be a bearish CHOCH followed by a break of short-term support. If sellers gain control and bearish momentum increases, price could move toward the marked downside targets, with the Fair Value Gap (FVG) acting as a potential reaction area along the way. The first target is near 4179, followed by 4168 and the deeper support area around 4156. These zones may attract buying interest, so price action should be monitored at each level rather than assuming a straight-line decline. However, the bearish scenario remains conditional. If Gold reclaims resistance and holds above the rejection zone, selling pressure may weaken and the bullish trend could continue. A confirmed structure shift and proper risk management are essential before considering any entry. Key takeaway: Watch for rejection, bearish CHOCH, and a confirmed support break. Until those signals appear, this remains a potential sell setup rather than a confirmed reversal.