After rebounding from the 4,030–4,040 support zone, XAUUSD is approaching the descending trendline but has yet to break above it. The current price structure shows that every test of this dynamic resistance has attracted selling pressure, indicating that bears remain in control on the H3 timeframe.

If the price is rejected again below the trendline, XAUUSD is likely to retest the 4,000 support area, which remains a key short-term technical level.

Trade Setup: A sell position is preferred if clear bearish rejection appears at the descending trendline or if the price breaks below the nearest support zone.

The bearish outlook will be invalidated if XAUUSD breaks above and closes firmly above the descending trendline. This analysis reflects personal opinion only. Always wait for confirmation before entering a trade and apply proper risk management.