XAUUSD Intraday Bearish Setup from Premium Supply Zone

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Gold (XAUUSD) has shown a clear bearish market structure with multiple Break of Structures (BOS) and Change of Characters (ChoCH) confirming momentum. Price is currently retracing into a key premium supply zone around 3352–3359, where a potential distribution is expected. If price reacts with lower highs and fails to break above the red supply zone, we anticipate a bearish continuation targeting the demand area near 3316. Short entries favored with confirmation from intraday rejection patterns.

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