XAU/USD | Gold Hits 29-Day Low, Weak Bounce,Bearish Bias RemainsGoldOANDA:XAUUSDArmanShabanTradingBy analyzing the #Gold chart on the 4H timeframe, we can see that price dropped into the $4500 – $4520 demand zone, printing a low around $4510, before reacting with a short-term bounce toward $4547. Currently, Gold is trading around the $4542 region, showing a weak recovery after the heavy sell-off. From a structural perspective, the market remains bearish, and this bounce looks more like a corrective move rather than a reversal. The nearest demand zone is $4500 – $4520, with deeper support sitting around $4450 – $4480. On the upside, the closest supply zones are $4560 – $4590, followed by a stronger resistance cluster between $4620 – $4660. In my view, if price pushes slightly higher into these supply zones, it could offer a better sell setup. After this initial bounce, the market is likely to resume its bearish move. The next downside targets are $4500, followed by $4480, then $4450, and potentially lower if selling pressure continues. For a short-term bullish scenario, if buyers manage to hold above $4520 and build momentum, we could see a push toward $4560 and $4590, but this is likely to remain temporary unless structure shifts. Bottom line: this looks like a pullback before continuation lower, not a true reversal. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban