XAUUSD 30M – Bearish Pullback from Supply Zone

  • April 20, 2026
  • Posted by: EWGFX
  • Category: Technical analysis
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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