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Home / Analysis / Forex Analysis / XAUUSD 30M Bearish Pullback from Supply Zone

XAUUSD 30M Bearish Pullback from Supply Zone

Key Zones
1. Supply Zone (Upper Order Block)
Around 4,830 – 4,850
Strong rejection seen → sellers active here
2. Demand Zone (Lower Order Block)
Around 4,740 – 4,760
This is the key reaction zone for next move
3. Major Support
Around 4,630 – 4,650
If price drops deeper, this is the final bullish defense zone
šŸ“‰ Current Price Behavior
Price tapped upper supply and got rejected
Now moving down toward demand (order block)
Weak bullish reaction so far → indicates possible continuation down
šŸ”® Expected Scenarios
āœ… Scenario 1 (Most Likely – Bearish Pullback)
Price retraces to 4,780–4,800
Forms rejection / weak structure
Then drops toward:
TP1: 4,740
TP2: 4,700
TP3: 4,650

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