XAU/USD Bearish Reversal: Resistance Rejection & 4,520 Target

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XAU/USD Bearish Reversal: Resistance Rejection & 4,520 TargetGoldOANDA:XAUUSDCRT-ICT-MARKET-GOLD-SIGNALSMarket structure: Gold has been moving inside an ascending channel, showing a clear bullish structure. However, price recently rejected the 4,620–4,625 resistance/supply zone and has started moving lower. 🔴 Bearish Setup Sell zone: 4,619–4,625 Stop loss: 4,660 Target: 4,520 Current price: ~4,603 Risk/Reward: approximately 1:2.5 Key levels 4,620–4,625: Important resistance / previous support area. A rejection here favors sellers. 4,600: Immediate psychological level. Sustained trading below it strengthens bearish momentum. 4,580–4,560: Intermediate downside areas. 4,520: Major projected target and liquidity area. Liquidity & confirmation The move above 4,620 appears to have attracted buy-side liquidity before price reversed. The subsequent drop back below the marked support suggests a potential liquidity sweep + bearish breakdown. For the short setup to remain valid, I'd want to see 4,600 hold as resistance after a retest. A strong 15-minute close back above 4,625 would weaken the bearish idea, while a break and retest below 4,580 would strengthen continuation toward 4,520. Bias: 🔴 Bearish below 4,625 | Bullish invalidation above 4,660