XAUUSD Short: Stalls Beneath Supply as Attention Shifts to 4,070Gold / U.S. DollarFOREXCOM:XAUUSDheniitradingHello traders! Here’s my technical outlook based on the current XAUUSD (3H) chart structure. XAUUSD previously declined under the Supply Line after breaking from higher levels and formed a clear range near the Demand Zone. Price then tested the Supply Zone near 4,230 several times, where sellers firmly rejected the upside. Currently, XAUUSD is trading below the 4,230 Supply Zone while holding above the 4,070 Demand Zone. The repeated rejections from resistance and the overall descending structure suggest a possible continuation lower toward demand. As long as XAUUSD remains below 4,230 and respects the Supply Line, the bearish scenario remains valid. A continuation lower could target 4,070 (TP1). However, a breakout and close above 4,230 would weaken the bearish outlook and open the door for further upside. Manage your risk!