Gold (XAU/USD) Analysis – Bearish Scenario Unfolding

Gold has been showing clear bearish momentum on the 4-hour chart, and the current price action suggests further downside potential.

1️⃣ Rejection from the Strong High:
The price was firmly rejected at the $2,740 resistance zone, signaling the dominance of sellers in the market.

2️⃣ Weak Low Target Zones:
With the break of structure (BOS) confirming bearish intent, the price is now heading toward key liquidity zones around $2,620 and $2,580. These levels are likely to act as targets for the current downtrend.

3️⃣ Bearish Momentum Accelerating:
A series of Change of Character (CHOCH) events and lower highs further indicate that sellers are fully in control, with little evidence of bullish intervention so far.

📌 Bearish Targets:

The immediate target is $2,620.
If this level breaks, the next zone to watch is around $2,580, which could serve as the final destination for this bearish move in the short term.

Let me know if you're tracking this move or if you see additional bearish opportunities!