Gold Spot / U.S. Dollar
Long
Updated

Gold (XAUUSD) Rejection at Supply Zone – Bearish Bias Emerging

121
Bearish Signals
❌ Rejection at supply zone
❌ No strong bullish continuation candles
❌ Price struggling to break above the highlighted area
📈 Bullish Possibility (Alternative Scenario)
If price:
Breaks clean above the red zone
Closes strong bullish candles
👉 Then bias shifts to continuation upward
🧠 Key Levels to Watch
🔴 Resistance (Red Zone) → Current rejection area
🟢 Support below → Previous consolidation / structure (not fully visible but important)
⚖️ Trade Idea (General)
Sell bias (short-term):
Entry: near rejection / pullback into zone
Target: previous lows
Invalidation:
Strong breakout + close above resistance
⚠️ Important Note

Your screenshot is partially obscured, so:

Exact structure (HH/HL or LH/LL) isn’t fully visible
More context (left side of chart) would improve accuracy
Order cancelled

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