Gold Rebound or Dead Cat Bounce — Sellers Waiting Above?GoldOANDA:XAUUSDR_WatsonnHello traders! Here’s my technical outlook based on the current XAUUSD (1H) structure. Gold has just experienced a strong impulsive sell-off, breaking structure and confirming aggressive sell-side dominance. This move created a clear shift in market sentiment, with price rapidly moving from higher consolidation into a bearish expansion phase. After the drop, price is now reacting from a key demand zone around the 4,650–4,600 area, where we are seeing an initial bounce. However, this rebound appears corrective rather than a true reversal, as the overall structure still favors lower highs. Above current price, a strong supply zone around 4,850 stands out as a key area where sellers previously entered the market, making it a high-probability rejection zone. At the moment, price is in a short-term recovery phase, potentially targeting the 4,850 supply zone (TP1) to fill inefficiencies and tap into liquidity before the next move. My primary bias remains bearish as long as price stays below this supply area. If we see a rejection or liquidity grab at this zone, gold could resume its downward move toward the next demand levels around 4,600 and deeper into 4,550 (TP2), aligning with continuation of the bearish trend. Alternatively, if price breaks and holds above 4,850, this would invalidate the bearish scenario and open the door for a stronger bullish reversal. Feel free to share your thoughts and support the idea 🚀