XAUUSD 4H ANALYSIS — BEARS STILL HOLDING CONTROL 📉
XAUUSD 4H ANALYSIS — BEARS STILL HOLDING CONTROL 📉 Gold continues to respect a clean descending channel structure on the 4H timeframe, with price consistently printing lower highs and lower lows — a classic sign that sellers still dominate the market. 🔍 What the Chart is Showing Strong respect for dynamic trendline resistance Weakening bullish momentum on every retracement Price compressing toward a major support zone around 4,403 The market currently sits at a critical point where any rejection from resistance could fuel another bearish leg lower. 📌 Trade Idea ✅ Preferred Entry Looking for bearish confirmation around the descending trendline resistance before considering short positions. 🎯 Targets First target: 4,470 Major support target: 4,403 Extended bearish continuation possible if support breaks cleanly 🛑 Risk Management A strong breakout and close above the channel resistance would invalidate the bearish structure. 📊 Technical Perspective This isn’t just random trendline drawing — the structure has multiple respected touches, clean market rhythm, and visible momentum alignment. The key now is patience: The best trades come from confirmation, not anticipation. As long as price remains below the descending resistance, sellers still hold the advantage.