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โ€” XAUUSD/M30 โ€”

Gold has continued lower exactly with the bearish structure we followed earlier, reaching the 4,140โ€“4,150 area before slowing down. M15/M30 are now moving sideways around the lows, while H1 and H4 still keep the broader bearish structure intact.

โ†’ Key Resistance Zones
Near Resistance: 4,155โ€“4,165
Key Resistance: 4,180โ€“4,200

โ†’ Key Support Zones
Near Support: 4,140โ€“4,145
Key Support: 4,120โ€“4,130

๐Ÿ“Œ Floraโ€™s View
The bearish idea is still working, but after such a strong drop, Flora doesnโ€™t want to chase price around the current lows.
If Gold can recover and hold above 4,155โ€“4,165, we may see a deeper correction toward 4,180โ€“4,200. But if this recovery fails and 4,140 breaks with clear M30 acceptance below, sellers could continue toward 4,120โ€“4,130.
For now, Iโ€™m happy to let Gold finish this consolidation first. The direction is still bearish the better entry location is what weโ€™re waiting for. ๐ŸŒฟ

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๐Ÿ“Š GOLD SETUP #02
๐Ÿ“… September 28

๐Ÿ”ดSELL XAUUSD: 4166โ€“4169
๐Ÿ”บ SL: 4174
๐ŸŽฏ TP: 4161 โ€ข 4153 โ€ข 4140
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๐Ÿ“Š Market Update
โ€“ XAU/USD M30 โ€“

Gold kept its bearish continuation after the strong displacement from the highs and printed a new swing low around 4105โ€“4115. Since then price has been rebounding in a corrective leg, and I still see it as a pullback inside the bearish structure, not a reversal.

Main Scenario
โžค Sell Zone: 4175 โ€“ 4180

This area is the retest of the previous supply, and it lines up with the descending trendline, so we have real confluence for sellers. If price pulls back into this zone and the bearish structure holds, I will prioritize SELL setups in line with the dominant trend.

๐ŸŽฏ Target: 4155 โ€“ 4160

This is the first reaction area where price can rebalance after rejecting the supply.

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