XAUUSD — Sell the Fibonacci Value ZoneGoldOANDA:XAUUSDXAU_Macro_PulseFundamental Analysis Gold ended July with a monthly gain but retreated as the U.S. dollar recovered and Treasury yields remained elevated. The Fed’s decision to keep rates unchanged, combined with continued inflation uncertainty, may keep XAUUSD volatile while limiting aggressive upside momentum. Technical Analysis On the 2H chart, XAUUSD is trading near 4,045 after rejecting the 4,119 resistance and returning below the Fibonacci value area. The preferred sell zone is 4,058–4,070, where the 0.5–0.618 retracement levels and marked supply overlap. If price retests this region and fails to reclaim it, sellers may push gold toward 3,990–4,000 before extending into the deeper liquidity zone near 3,960. Important Key Levels Current price: 4,045.17 Main sell zone: 4,058–4,070 Short-term support: 3,990–4,000 Short-term resistance: 4,058–4,070 Liquidity area: 3,958–3,965 Main target: 3,960.13 Invalidation: above 4,119.43 Trading Scenario Main Sell Setup Entry: 4,058–4,070 Stop Loss: 4,120 Take Profit 1: 4,000 Take Profit 2: 3,983.60 Take Profit 3: 3,958–3,965 Sell Condition Wait for price to recover into the main sell zone and show bearish confirmation. A long upper wick, bearish engulfing candle, failed reclaim, or 2H close back below 4,058 may confirm renewed seller pressure. If price breaks and holds above 4,119.43, the bearish setup is no longer valid. Overall View The short-term structure remains bearish while XAUUSD trades below the 4,058–4,070 Fibonacci resistance zone. The preferred plan is to avoid selling directly into current support and wait for a corrective rebound before targeting 4,000, 3,983.60, and the deeper liquidity near 3,960. Do you expect gold to retest 4,058–4,070 before moving toward 3,960?