XAUUSD 4H: Bearish Reversal Following CHoCH and BOSGOLD / US DOLLARPYTH:XAUUSDChamp_of_GoldOverviewGold has shown a significant structural shift on the 4H timeframe. After hitting a "Weak High" near the 5,400 level, price action has transitioned from a bullish trend to a bearish outlook. We are now looking for a retracement into a key supply zone before a continuation toward the downside targets. 🔍 Technical Breakdown Change of Character (CHoCH): After a long uptrend supported by the ascending trendline, price broke the internal higher low, signaling an initial shift in market sentiment. Break of Structure (BOS): A subsequent break below the previous swing low confirms the bearish momentum. Inefficiency (FVG): There is a clear Fair Value Gap (FVG) left behind during the aggressive sell-off, which often acts as a magnet for price to rebalance before moving lower. Liquidity: The "Weak High" at 5,400 and the "Equal Highs" (EQH) suggest that buy-side liquidity was swept before the impulsive drop. 📉 The Trade Setup We are monitoring a pullback into the identified Selling Area to initiate a short position. Entry Zone (Selling Area): 4835 – 4865 Rationale: This area aligns with the recent supply zone and the bearish order block created prior to the BOS. Primary Target: 4,400 Rationale: This level aligns with a significant historical support area and a "Strong Low" that the market is likely to draw toward. Stop Loss: Ideally placed above the recent swing high (above 4,900) to invalidate the bearish thesis. ⚠️ Risk Note As we approach April, keep an eye on macroeconomic data (CPI/NFP) which could provide the volatility needed to reach the entry zone or accelerate the move toward the target. Always manage your risk according to your plan.