Gold Bulls Are Buying Into Resistance AgainGoldOANDA:XAUUSDMMFlowTradingGold (XAU/USD) is currently trading around the 4,700 zone after another short-term recovery, but the broader M30 structure still shows signs of weakness as price remains below the descending trendline resistance. After the recent rebound, buyers are trying to defend the 4,687 support area, while sellers continue reacting from the dynamic trendline overhead. Market Context USD remains relatively stable after recent Fed commentary Markets continue pricing a “higher-for-longer” interest rate environment Middle East tensions still support safe-haven demand, but momentum is fading Liquidity conditions remain thin → easier for institutions to create fake breakouts and liquidity sweeps Technical Structure (M30) Price is currently consolidating between: Resistance / Retest Zone: 4,715 Main Support: 4,687 Lower Demand Zone: 4,640 The overall structure still leans bearish unless gold can reclaim and hold above the descending trendline. IF–THEN Scenario IF price rejects again from 4,715 trendline resistance → sellers may push gold back toward 4,687 → breakdown below support could open a move toward 4,640 IF bulls reclaim and hold above 4,715 → short-term bearish structure weakens → possible continuation toward higher liquidity zones Key Levels Resistance: 4,715 Pivot Support: 4,687 Major Support Zone: 4,640 Gold is now sitting directly between support and trendline resistance… Is this just another liquidity trap before continuation lower — or the beginning of a real reversal?