GOLD BEARISH SETUPGoldOANDA:XAUUSDTheQuantRoom📉 XAU/USD Bearish Setup Gold is showing a clear bearish structure on the chart: price has broken below the $4,270–$4,280 support area and is trading well below the descending blue trend/EMA. The repeated rejection of higher levels confirms that sellers remain in control. Key levels: 🔴 Sell zone: $4,295–$4,301 ⚠️ Secondary resistance: $4,307–$4,314 🎯 First downside objective: $4,255 🎯 Main liquidity target / SSL: $4,236 🚫 Bearish invalidation: sustained reclaim above $4,314, with stronger invalidation above $4,330. 🌎 Fundamental pressure The macro backdrop is currently also bearish for gold. The Fed raised rates to 3.75–4.00% last week and signaled that further tightening remains possible. This has pushed the USD and Treasury yields higher, increasing the opportunity cost of holding non-yielding gold. More importantly, fresh US activity data has remained strong, while the 10Y Treasury yield has moved above 5%, reinforcing expectations of another Fed hike and supporting the dollar. That creates a strong fundamental combination: Strong US data → higher yields → stronger USD → pressure on XAU/USD. Technically, the ideal scenario is therefore a retracement into $4,295–$4,301, followed by rejection and continuation toward $4,255 → $4,236 SSL. Current market commentary is also highlighting rising yields, a stronger dollar and hawkish Fed expectations as key headwinds for gold. Overall bias: SELL THE RALLY 📉