XAUUSD | Bearish Rejection From Major Supply Zone

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XAUUSD | Bearish Rejection From Major Supply ZoneGoldOANDA:XAUUSDlimitlesszayraGold has reacted strongly from the higher supply zone around 4,195 - 4,200, where price printed another rejection after testing resistance. The repeated failure to sustain above the highlighted resistance area, combined with the reaction from the ascending trendline, suggests that bearish pressure may continue in the short term. As long as price remains below the current resistance structure, I am watching for a continuation move toward lower liquidity and support zones. 🎯 Trade Plan 📍 Current Resistance: 4,182.704 🎯 Target 1: 4,158.662 🎯 Target 2: 4,130.000 🎯 Target 3: 4,074.084 🛑 Invalidation: Sustained move above 4,182.704 📊 Market Structure Notes ✅ Rejection from major supply zone ✅ Multiple liquidity grabs at resistance ✅ Potential lower high formation ✅ Bearish reaction from trendline resistance ✅ Favoring downside while below resistance ⚠️ This analysis is a market observation based on price action and market structure, not financial advice.