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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
📉 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
🔮 Expected Scenarios
✅ 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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