XAUUSD – Bearish Continuation Outlook (1H)Price has failed to sustain above the key supply zone around 5050–5080, which also aligns with:
Previous structure resistance
Descending trendline resistance
Fib retracement confluence (Day TF 0.382 area)
After the rejection, the price broke down and is now retesting the breakdown zone, forming a lower high structure. This indicates sellers are still in control.
The trendline cross + horizontal resistance acting together is a strong bearish confluence. As long as the price stays below this zone, upside looks limited.
Key Levels
Sell Zone: 5000 – 5030
Immediate Resistance: 5050 – 5080
Targets:
TP1: 4920
TP2: 4750 (Day TF 0.5 Fib)
TP3: 4550 (Day TF 0.618 Fib)
Invalidation
A strong 2H close above 5100 will invalidate this bearish setup and may shift bias to bullish continuation.
Bias
📉 Overall bias remains bearish, expecting another leg down after this pullback unless invalidated.
Short