H1 Trendline Retest Sell SetupGoldOANDA:XAUUSDMason_DrakeXAUUSD is trading around 4,027 after consolidating above the 4,008–4,015 support zone. Price remains below the descending trendline, while the sequence of lower highs keeps the H1 structure bearish. Gold remains pressured by a firm U.S. dollar ahead of today’s Federal Reserve decision. The FOMC meeting concludes with the statement scheduled for 2:00 p.m. ET and the press conference at 2:30 p.m. ET. The Fed previously maintained its target range at 3.50%–3.75%, making the policy guidance a major volatility risk for gold. Technical View The bearish trendline continues to control the H1 structure. Price is holding above first support, so a corrective rebound remains possible before the next decline. The 4,058–4,070 area is the main sell zone. It aligns with trendline resistance and previous supply. A bearish rejection or lower-high formation here would confirm seller control. The first downside level is 4,008–4,015. A confirmed breakdown would expose 3,988–3,995, followed by the main target at 3,960–3,968. Key Zones Current price: 4,027 Main sell zone: 4,058–4,070 Bearish invalidation: 4,094.626 Major POI: 4,108–4,116 First support: 4,008–4,015 Intermediate target: 3,988–3,995 Main target: 3,960–3,968 Trading Plan Sell Priority: 4,058–4,070 Condition: wait for an H1 retracement into the sell zone, followed by bearish rejection, a failed trendline breakout or lower-high confirmation. SL: above 4,095 TP1: 4,010 TP2: 3,990 TP3: 3,965 Important Note A direct breakdown below 4,008 should not be chased. The cleaner setup remains a confirmed retest of resistance. Fed volatility may sweep both sides of the range before direction becomes clear. Acceptance above 4,095 would invalidate the bearish setup and shift focus toward the 4,108–4,116 major POI. Final View Gold remains bearish below the descending trendline. The preferred setup is a rejection from 4,058–4,070, targeting 4,010 first and 3,965 if support breaks. Will gold complete the trendline retest before extending toward 3,965?