Technical Analysis of XAU/USD Using Supply & Demand Zones and SM

The chart presents a strong sell opportunity at a key supply zone (Order Block), supported by a clear Change of Character (CHoCH). Confluence is added by the 4H Fibonacci retracement, a Breaker Block, and a Mitigation Zone. Price previously reacted from a demand area (highlighted in grey), then retraced back to retest the supply zone, suggesting a high-probability bearish reversal. The current recommendation is "Sell Now", with the potential target aligned with the lower demand zone.