Gold remains under bearish pressure after failing to sustain its bullish momentum near the Buy Side Liquidity and the higher-timeframe Order Block Resistance. Following a strong bullish rally and multiple Market Structure Shifts (MSS), price reached a premium zone where institutional selling pressure entered the market. The current price action is trading within a descending structure, indicating that sellers are still in control. The upper Fair Value Gap (FVG) is acting as immediate resistance, and as long as price remains below this imbalance and the descending trendline, the probability favors another bearish move. A rejection from the current FVG could push the market toward the lower FVG, which serves as the first downside target. If bearish momentum continues, the next major objective is the Strong Support Zone, where buyers previously stepped in with significant demand. A break below this support could open the door for a deeper correction toward the Daily Timeframe Order Block. However, if buyers manage to break above the upper FVG, the descending trendline, and secure a strong close above the bearish order block, the bearish outlook will be invalidated, increasing the chances of another move toward the Buy Side Liquidity. Until that confirmation appears, the overall market bias remains bearish, with rallies into resistance likely to attract fresh selling pressure.
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