XAU/USD (Gold) โ€“ Bearish Continuation Setup

Wait 5 sec.

XAU/USD (Gold) โ€“ Bearish Continuation SetupGoldOANDA:XAUUSDMarketStrategysignals๐Ÿ† XAU/USD (Gold) โ€“ Bearish Continuation Setup ๐Ÿ“‰ ๐Ÿ” Market Structure Gold remains in a clear bearish trend, respecting the descending trendline and printing lower highs and lower lows. The overall structure favors sellers. ๐ŸŽฏ Key Technical Factors โœ… Strong bearish trendline resistance overhead. โœ… Price approaching a confluence area of Order Block (OB) and Fair Value Gap (FVG). โœ… Previous ChoCH failed to reverse the trend, confirming bearish momentum. โœ… Major resistance remains around 4,280 โ€“ 4,330 zone. ๐Ÿ“Š Trading Outlook ๐Ÿ“ˆ A short-term pullback into the OB/FVG zone is possible. ๐Ÿ“‰ If sellers defend this area, Gold could resume its decline toward: ๐ŸŽฏ Target 1: 4,000 ๐ŸŽฏ Target 2: 3,882 (Major Support) โš ๏ธ Invalidation A strong breakout and close above the descending trendline and OB zone would weaken the bearish outlook. Bias: ๐Ÿ”ด Bearish | Sell the rallies until key resistance is broken.