XAUUSD: Sellers Still Pressing for a Downward Move

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XAUUSD: Sellers Still Pressing for a Downward MoveGoldOANDA:XAUUSDParadise_NoirXAUUSD is hovering around 4,030 after rebounding to the immediate resistance zone and being capped by the bearish trendline. This is a critical area, as the price has touched resistance while simultaneously sitting near the upper boundary of the short-term bearish structure. Given that the news environment remains unfavorable for gold—with a strong USD, a hawkish Fed, and insufficient safe-haven demand—the current rebound is more likely a retest than a reversal signal. My preferred scenario is to SELL while the price remains below 4,041.8. If buying pressure fails to break this level, XAUUSD is likely to turn lower toward the support zone around 3,944.9. Entry Focus: SELL around 4,035–4,041 if a rejection candle appears. Target: 3,944.9 Invalidation: An H1 candle close above 4,055 would undermine the bearish scenario.