XAUUSD – Bearish Continuation Below 4,660, Targeting 4,601XAU/USD Spot - GoldFX:XAUUSDabdullahsohail9667Bias: Bearish continuation XAUUSD Gold rallied from the 4,600 zone to a high near 4,700, tapping into a TBS (Turtle Soup/Buyside) zone around 4,680–4,690 where a model 1 distribution formed. Price then broke down through the 4,660 support zone (marked box), confirming rejection from the highs. Structure: Current price is consolidating around 4,625–4,635 after the breakdown, sitting below the 4,660 supply zone which now acts as resistance. Expectation: Looking for continuation lower toward the 4,601 zone (marked XXX), which lines up with prior demand/liquidity resting below. Price likely takes the path of a corrective leg up into 4,650–4,660 (retest of the broken zone) before continuing the drop toward 4,601. Key levels: Resistance: 4,660 (supply zone) / 4,690 (TBS high) Target: 4,601 (liquidity pool) Invalidation: Close back above 4,690 Watching for: A bearish reaction (rejection wick, FVG fill) at the 4,650–4,660 retest zone to confirm shorts toward 4,601.