XAUUSD – Bearish Setup After Key Resistance Rejection | TP1 / TP

XAUUSD 4H – Bearish Continuation Analysis | May 27, 2026

Price has completed a significant rally of approximately 1100 pips from the retacement zone near the 74,193–74,421 area, reaching into the key resistance zone around 77,565–78,000.

Analysis Summary:
Price swept into a major resistance zone where a Change of Character (ChoCH) was confirmed. A bearish reaction has already begun, and we are now looking for continuation to the downside after a minor pullback or consolidation near 76,738.

The current candle structure shows a bearish engulfing pattern following resistance rejection, supported by volume increase on the downside.

Trade Setup – Short Bias:
Entry Zone: 76,738 – 77,000 (current area)
Stop Loss: Above 77,565 (key resistance high)
Take Profit Targets:

TP1: 76,037
TP2: 75,264
TP3: 74,421 – 74,193 (retacement zone / liquidity pool)

Key Levels to Watch:

Resistance: 77,565 – 78,000
Support / TP Zone: 76,037 / 75,264 / 74,193

Reasoning:

ChoCH confirmed at resistance
Fair Value Gap (FVG) visible below current price acting as a magnet
Equal lows (EQL) near 74,337 providing a liquidity target
Fibonacci retracement at 0.525 aligns with TP3 zone
Bearish momentum visible on volume profile

Risk Disclaimer: This idea is for educational purposes only. It does not constitute financial advice. Always apply proper risk management and do your own research before entering any trade.

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