Gold Spot / U.S. Dollar
Short
Updated

XAUUSD Rejected at Supply, Downside Remains Likely

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XAUUSD has reacted from a well-defined selling zone after failing to maintain bullish momentum. Price formed a rejection near the supply area and continued lower, confirming increasing bearish pressure. The previous bullish structure has weakened, while recent lower highs and strong bearish candles suggest that sellers remain in control.

The marked order block and selling zone acted as key resistance, leading to a sharp decline. If price remains below this resistance, the bearish trend may continue toward the next liquidity area and the highlighted target.

The Fair Value Gap (FVG) below remains an important zone to monitor. A temporary retracement into nearby resistance is possible before another downside move. As long as price stays below the selling zone, the overall short-term bias remains bearish.
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