XAUUSD: Bearish Pullback Expected from Major Resistance

Jul 5

Gold has reached a significant resistance zone after a strong bullish move and is currently showing signs of consolidation. The recent bullish structure was confirmed through multiple CHoCH (Change of Character) and BOS (Break of Structure) formations, indicating strong buying momentum.
However, price is now trading within a key resistance area where selling pressure could emerge. A rejection from this zone may lead to a pullback toward the highlighted order block, which could act as the first downside target. If bearish momentum strengthens and the order block fails to hold, the market may continue declining toward the lower support area.
This analysis is based on market structure, support and resistance zones, and price action concepts. Traders should wait for confirmation before considering any trading decisions and always apply proper risk management.

Jul 6

Note

Gold reacted strongly from the highlighted resistance zone, confirming the expected bearish pressure. After forming a clear rejection and showing signs of weakening bullish momentum, price started moving lower as anticipated.
The market structure remains important at this stage, and the highlighted support zones will determine the next directional move. A sustained move below key support could open the path for further downside continuation.
This update is based on price action, market structure, and support/resistance analysis. Traders should continue monitoring price behavior for confirmation and maintain proper risk management in all trading decisions.

Jul 6

Note

Gold respected the identified resistance zone and showed a strong bearish reaction, validating the anticipated downside scenario. The rejection from the supply area indicates that sellers remain active, while price action continues to reflect weakening bullish momentum.
If the current bearish structure remains intact, the market may continue moving toward the next support levels. However, traders should monitor price action closely for confirmation before considering any trading decisions.
This analysis is based on market structure, support and resistance zones, and price action concepts. Always apply proper risk management and wait for confirmation signals before entering the market.

Jul 7

Trade active

The trade has performed as expected, and the projected target has been successfully reached. Price reacted from the highlighted resistance zone and followed the anticipated bearish path, validating the original market structure analysis.
This setup was based on resistance, order block, and price action confirmation. The outcome highlights the importance of patience, disciplined execution, and proper risk management.
*This post is for educational purposes only and is not financial advice.*