XAUUSD Supply Rejection & Bearish Continuation SetupGoldOANDA:XAUUSDProfitPro669Gold is currently showing signs of distribution and bearish continuation after failing to reclaim the upper supply region. The recent rally into the 4,435–4,445 resistance zone was met with selling pressure, creating another rejection and confirming that sellers are defending this area. The market structure on the right side of the chart is important: price has been producing lower highs, while each recovery attempt is losing momentum before reaching the previous swing high. This indicates that buyers are struggling to regain control and that rallies are being used as opportunities for sellers to enter. The 4,420–4,430 area is particularly important for the short setup. If price retraces into this zone and produces a clear bearish rejection, engulfing candle, or strong bearish displacement, it would provide better confirmation rather than chasing the move at current prices. The main structural confirmation comes from 4,380 support. This level has acted as an important intraday reaction area. A clean 30-minute candle close below it, followed by a failed retest, would strengthen the bearish case and signal that downside liquidity is being targeted.