Gold (XAU/USD) continues to trade under strong bearish pressure after rejecting a key resistance zone. Price remains below the descending trendline, confirming seller dominance. The current structure suggests a move toward the major liquidity area around 4100, which could serve as the next downside target.
🔹 Bearish market structure intact
🔹 Resistance zone successfully defended
🔹 Descending trendline remains valid
🔹 Liquidity resting near 4100 level
🔹 Sellers remain in control until a clear bullish break occurs
⚠️ This analysis is for educational purposes only, not financial advice. Always manage your risk.
🔹 Bearish market structure intact
🔹 Resistance zone successfully defended
🔹 Descending trendline remains valid
🔹 Liquidity resting near 4100 level
🔹 Sellers remain in control until a clear bullish break occurs
⚠️ This analysis is for educational purposes only, not financial advice. Always manage your risk.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.