XAUUSD 1H: Bearish Pressure Building Below Key ResistanceGold continues to trade under strong resistance after failing to reclaim the bearish FVG zone on the 1H timeframe. Price is currently consolidating below the supply area while showing weak bullish continuation, suggesting that sellers are still maintaining short-term control.
The repeated rejection from the 4700–4720 region highlights a lack of buying strength, while market structure continues to respect lower highs and internal bearish pressure. The projected path suggests a possible liquidity grab to the upside before continuation toward lower targets.
If sellers maintain control below the highlighted FVG resistance, the market could rotate lower toward the key support and liquidity zones around TP-1 and TP-2.
Key Technical Observations:
• Bearish FVG remains unfilled
• Multiple rejections below resistance
• Weak bullish momentum inside consolidation
• Potential liquidity sweep before expansion lower
• Sell-side targets resting near recent lows
As long as price remains below the bearish imbalance zone, downside continuation remains the higher probability scenario on the H1 structure.
Wait for confirmation and manage risk carefully in volatile conditions.
Short
