Gold is currently trading near 4, 376 after rejecting from the major resistance zone.Price collected liquidity near the recent high and formed a potential bearish engulfing rejection, indicating selling pressure. • Sell Scenario · Sell zone:4, 376-4, 392·Major resistance: 4, 440 ·Stop-loss: Above 4, 440.642 · Target 1: 4, 315 - 4, 320 ·Target 2: 4, 213 - 4, 216 · Extended target: 4, 153.740 If price remains below 4, 392 and breaks support at 4, 315, the bearish movement may continue toward the strong support and rising trendline near 4, 213. Buy Scenario The chart also shows a developing cup-and-handle pattern. However, bullish confirmation requires a strong breakout and candle close above 4, 440. After a confirmed breakout:First bullish target: 4, 511.849Next resistance: 4, 520+ Summary: The immediate bias is bearish below 4, 440. A rejection can push gold toward 4, 315 and 4, 213. The outlook turns bullish only after a confirmed breakout above 4, 440. Trade now—$XAUT