XAUUSD Approaching High-Risk Supply Zone | 15M Intraday Rejection Setup

On the 15-minute timeframe, XAUUSD is approaching a clearly marked high-risk supply zone between 4,973 – 4,981. This area represents a short-term institutional reaction zone where liquidity is likely concentrated.

After the recent intraday decline, price action suggests a potential pullback into this zone before continuation. If sellers defend this range, we could see renewed bearish momentum. However, a clean breakout and acceptance above the zone would invalidate short-term downside bias and shift momentum bullish.

🔎 What to Watch:

• Rejection candles (long upper wicks) inside the zone

• Volume spike near resistance

• Break & retest above 4,981 for bullish continuation

• Failure + lower high formation for bearish continuation

This is a high-volatility decision area, not a random resistance. Risk management is critical as liquidity hunts are common near supply zones.