Gold Approaching Resistance – Possible Pullback ScenarioGoldOANDA:XAUUSDGoldenWave_AnalyticsGold is currently trading within a corrective phase after rejecting a key resistance zone near 4,800 on the 1H timeframe. The market structure shows a loss of bullish momentum following a sharp downside move, with price now forming a short-term consolidation. A potential scenario to watch is a retracement toward the resistance zone (4,780–4,800), where price may encounter selling pressure again. If the resistance holds, price could continue moving lower toward the 4,482 support area. This analysis is based on price action and key levels, focusing on reaction zones rather than predictions. A confirmed rejection or breakout will provide more clarity on the next direction. Note: This is not financial advice. Always wait for confirmation and manage risk properly.