GOLD (XAUUSD) – Bearish Correction From Supply Zone

Gold has entered a short-term correction phase after tapping into a strong supply zone near 4825–4845.

Price action is showing clear rejection inside an ascending channel, suggesting weakening bullish momentum and increasing probability of a downside move.

📊 Key Levels to Watch

Resistance Zones:

• 4825 — Immediate resistance

• 4844 — Supply confirmation zone

• 4853 — Bearish invalidation extension

Support Zones:

• 4805 — First downside target

• 4785 — Key short-term demand

• 4755 — Extended downside objective

📉 Market Outlook

The current structure indicates short-term bearish correction, with price likely to move toward 4805–4785 if selling pressure continues.

A sustained breakdown from the ascending channel would increase the probability of an extended move toward 4755.

However, a clean break above 4845 would invalidate the bearish outlook and signal renewed bullish strength.

🧠 Trader’s Insight

📌 Market Condition: Supply Rejection Phase

📌 Structure Bias: Short-Term Bearish

📌 Risk Zone: Above 4845

Patience around resistance zones remains key for optimal entries.

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