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XAUUSD Bearish Rejection From Resistance | Sell Setup on 1H

Gold is showing bearish pressure after multiple rejections from the resistance zone around 4700–4720. Price failed to hold above breakout structure and now forming lower highs on the 1H timeframe.

Current setup suggests a possible continuation toward the downside if sellers keep control below resistance. Market already reacted from supply zone and momentum is slowing near support.

🔴 Sell Zone: 4685 – 4700
🛑 Stop Loss: 4717
🎯 Target 1: 4650
🎯 Target 2: 4625
🎯 Target 3: 4615

📊 Analysis:

Rejection from resistance area
Lower high structure formed
Weak bullish momentum
Bearish continuation possible toward support zone

⚠️ Manage risk properly and wait for confirmation before entry.

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