MGC Short Bias Active — Rejection at Supply Zone With Momentum Micro Gold FuturesCOMEX_MINI:MGC1!ethynnowack131nl43cMicro Gold Futures have been in a clear downtrend since topping out near 4,560 and the recent price action is confirming that the bears are still firmly in control. After the sharp drop into the 4,080s, price attempted a relief bounce back up into the 4,400 supply zone — a level that had previously acted as major support and has now flipped to resistance. That rejection was swift and decisive, and price is now rolling back over toward the lows, which keeps the short bias intact. The momentum indicators are telling the same story. The MACD has crossed back to the downside after a brief recovery attempt, and RSI has dropped back below 50 and is sitting at 40.82, confirming that sellers are back in control and the bounce was nothing more than a dead cat into resistance. Both are highlighted on the chart showing the exact point where momentum began rolling over again — right as price kissed the underside of that key 4,400 zone. The projected path points toward a continued move lower into the 4,080–4,050 range over the coming sessions. In the near term, short scalps on smaller timeframes are valid on any rip back toward 4,310–4,373, with the larger target being a full retest of the recent swing lows. As long as price stays below that 4,400 supply box, there is no reason to be looking for longs here.