Gold Weekly Get support - Not yet bullish .

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🪙 XAUUSD (Gold) Technical Analysis
Market Bias: Bearish | Timeframe: 30M

📉 Market Structure & Context
Gold is clearly in a distribution → markdown phase. After respecting the marked major resistance (~4835–4840) multiple times, price failed to sustain higher and initiated a strong downside move.
We observed a sharp impulsive rejection followed by lower highs and lower lows, confirming a bearish structure shift.

The recent move shows aggressive liquidation, indicating institutions have exited longs and are pushing price toward lower liquidity zones.

🏛️ Institutional Activity & Order Blocks

Supply Zone: 4835–4840 — Strong rejection area; clear institutional selling footprint with multiple failed attempts to break.
Liquidity Engineering: The upside wicks near resistance suggest buy-side liquidity grab, followed by distribution.
Volume Behavior: Increasing red volume during the drop confirms institutional participation in selling, not just retail panic.
Imbalance: A clear liquidity void formed during the sharp drop, suggesting potential for minor pullbacks before continuation.

Share your thoughts on this idea. How can we improve it further? We are actively tracking institutional activity.

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