Gold Technical Analysis: Sellers Defend 4,400 Resistance Zone

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Gold Technical Analysis: Sellers Defend 4,400 Resistance ZoneGold / U.S. DollarFOREXCOM:XAUUSDLegionQ8Hello traders! Here’s my technical outlook based on the current XAUUSD (4H) chart structure. XAUUSD previously traded inside a range before breaking higher and later forming a descending structure after turning around from the highs. Price then tested the 4,400 Seller Zone multiple times, where sellers rejected the upside. Currently, XAUUSD is trading below the 4,400 Seller Zone while holding above the 4,280 Buyer Zone and Support Line. The recent rejection from resistance suggests a possible continuation lower toward support. As long as XAUUSD remains below the 4,400 Seller Zone and respects the descending channel, the bearish scenario remains valid. A continuation lower could push price toward the 4,280 Buyer Zone (TP1). However, a breakout and close above 4,400 would weaken the bearish outlook and increase the possibility of further upside. Please share this idea with your friends and click "Boost" 🚀