XAUUSD — Bullish recovery into 4590-4617 supplyGoldOANDA:XAUUSDdayedgegoldPrice pinned at 4565.29 (M5 POC) after flushing from 4582.59 (M15 HH) to 4510 sweep. Tight value area 4564.90-4565.87 suggests imminent expansion. Short-term structure is bullish (M15 CHoCH_BULL at 4553.85, early HH/HL pair), but medium-term remains bearish — corrective rally inside a dominant downtrend. 4H shows clear bearish trend (last SH 4740.57, last SL 4555.14, BOS_BEAR 4658→4555→4510). 1H confirms bias (last SH 4610.54, last SL 4510.10, BOS_BEAR 4555.14). Current overhead 4H supply cluster 4594.93-4614.75 is the target zone for rejection. Supply (A+): 4603.37-4616.78 (1H OB inside 4H OB, swing origin 4610→4510, untapped); 4590.77-4603.33 (M15 OB at zone lower edge). Demand (B): 4540.93-4544.79 (M15 HL, already fractured on M5 BOS_BEAR); 4510.10-4520.00 (1H LL, proven reaction, wait for fresh M5 structure). Primary: Price rallies into 4590-4617 → watch for M5 CHoCH_BEAR or cum delta flip in zone → short TP1 4540.93, TP2 4510.10, runner 4475. Secondary (B-grade): Flush to 4510-4520 with fresh M5 CHoCH_BULL + bullish delta flip → fade long TP1 4540, TP2 4555.14, runner 4582. Invalidation: M15 closes above 4625 (above 4H OB + buffer) → bias flips to potential HTF bullish reversal. Watch for the rally — no edge at current 4565. Key tell: M15 cum delta rolling negative on the push into supply signals exhaustion. M5 cum delta already showing -128,929 divergence vs M15 +9,636, so delta flip on the recovery is confirmation. 1 trade max per session. Not financial advice. Do your own analysis.