XAUUSD Setup – Supply Zone Caps Bullish MomentumGoldOANDA:XAUUSDProfessor-Gold-SignalsGold is trading around 4127, with price approaching a key resistance zone as bullish momentum begins to slow. The market is at a critical decision point where sellers may step in if resistance holds. 🔍 Market Structure Insight (1H / 4H): Price remains within a short-term range, with 4148 acting as a major resistance level. As long as gold trades below this level, the short-term structure favors a corrective move. 📉 Bearish Scenario: If sellers defend the 4148 resistance level, gold may retrace toward the 4100 support zone. A confirmed break below support could extend the decline toward the 4070 liquidity zone. Reasons supporting the bearish outlook: = Resistance acting as a supply zone = Momentum slowing near recent highs = Sell-side liquidity resting below support = Potential lower high forming on the intraday chart 📈 Bullish Scenario: A sustained breakout above 4148 would invalidate the bearish setup and could trigger continuation toward higher liquidity levels. ⚠️ Key Levels to Watch: Resistance: 4148 Support: 4100 Bearish Target: 4070