📉 XAU/USD – Bearish Setup Developing (4H Chart)
Gold is reacting from a key demand zone and pushing upward into fresh supply levels. Price action suggests potential bearish continuation if rejection occurs:
🔹 Key Supply Zone: 3295–3315
🔹 Next Supply Zone: 3343–3350
🔹 Final Supply Zone: 3387–3403
📍 Wait for bearish CHoCH (Change of Character) confirmation on 5/15 min chart before considering short entries. Rejection from 3295–3315 could trigger the next move down.
⚠️ No rush — let price confirm reversal with structure shift before entry.
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