Gold (XAUUSD) — Bearish Structure Shift

Gold has confirmed a bearish transition after breaking below rising channel support and BOS level near 4650.

The double rejection near 4780 signaled exhaustion before the selloff began.

📉 Market Structure

• Pattern → Double-top rejection

• Trend → Bearish

• Momentum → Strong downside pressure

👉 Bias: Bearish

🔴 Resistance

4645–4665 → Immediate supply

4712 → Strong resistance

🟢 Support

4570 → First support

4538 → Secondary support

4520–4500 → Major demand

📌 Conclusion

Gold is now trading under bearish pressure, with pullbacks likely to face selling interest until a strong reversal structure appears.

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