GOLD BEARISH REVERSAL CUP AND HANDLE FROM RESISTANCE ZONE.

The chart shows a rising wedge breakout, where price has reached the resistance zone around 4115–4120 USD.

This region is acting as a strong supply area, leading to potential bearish rejection.

Price has been consolidating within the wedge for several sessions before breaking upward, signaling exhaustion of the current bullish momentum.

Key Technical Zones:

Resistance: 4110 – 4125 USD

First Target (Short-term Support): 4075 – 4080 USD

Major Target (Strong Support): 3880 USD

Price Action Outlook:

After touching the resistance zone, price is showing early signs of pullback or correction.

The projected move suggests a retracement toward the first target zone (around 4080).

If selling pressure continues, a deeper drop toward the 3880 support zone is expected — aligning with previous demand and the lower wedge boundary.

Bearish Confirmation:

Breakdown below 4080 USD with strong bearish candles will confirm momentum shift.

Targets:

🎯 Target 1: 4080 USD (short-term)

🎯 Target 2: 3880 USD (mid-term)

📉 Bias: Bearish correction expected
📊 Structure: Rising wedge + Resistance rejection
🎯 Targets: 4080 → 3880
🛑 Invalidation: A breakout and close above 4125 USD would invalidate the bearish setup and resume the bullish trend