Gold Rejects 4H FVG → Targeting Previous Day LowGold vs US DollarPEPPERSTONE:XAUUSDAscendedTradersGold continues to show bearish higher-timeframe structure after tapping into a 4H fair value gap, triggering downside continuation. Price delivered a clean rejection from imbalance resistance and is now rotating lower toward liquidity resting below the previous day’s low. The current market narrative remains USD strength dependent, with the DXY approaching a daily FVG around 98.436. HTF Context On the 4H timeframe, price retraced into inefficiency before sellers regained control, forming continuation structure. This suggests the move is not yet complete and further downside expansion is possible. Intraday Bias Bearish while below the 4H imbalance zone. Trade Idea Sell rallies into minor intraday premium or bearish confirmation on lower timeframes. Potential Entry Zone: 4665 – 4680 area (lower timeframe supply / rejection zone) Downside Targets: • Previous Day Low • 4450 liquidity zone • Extended target near 4400 if momentum accelerates Invalidation: Sustained 4H close above imbalance high Narrative Driver Monitoring USD strength closely. A reaction into the daily DXY fair value gap at 98.436 could act as the catalyst for further gold downside expansion. Join our free discord channel for serious ICT traders: discord.gg/xZ9fj6XuSF