XAUUSD – Bearish Rejection Setup...GoldOANDA:XAUUSDXAUxBTC_ProXAUUSD – Bearish Rejection Setup Gold is showing a strong bearish market structure after rejecting the highlighted resistance zone around 4160–4180. Price remains below the Ichimoku Cloud, indicating that sellers are still controlling the market. The break below the rising trendline further confirms bearish momentum. A retest and rejection of the resistance area could push price lower toward the next major support zone. Targets: 🎯 TP1: 4120 🎯 TP2: 4100 🎯 TP3: 4070–4060 (Main Target Zone) Stop Loss: 🔴 Above 4185 resistance Market Bias: 📉 Bearish Key Levels: • Resistance: 4160–4180 • Support: 4120 • Major Support: 4060–4070 Analysis: The overall structure suggests a bearish continuation as long as price remains below the resistance zone. A clean rejection from current levels may attract additional selling pressure toward the highlighted target zone. Volume expansion on the downside would strengthen the bearish scenario.