Sell the H4 Mitigation RetestGoldOANDA:XAUUSDXAU_Macro_Pulse Fundamental Analysis Gold enters next week under renewed macro pressure after Fed Chair Kevin Warsh’s Jackson Hole remarks pushed markets toward a more hawkish rate outlook. The U.S. dollar and short-term Treasury yields strengthened as September hike expectations increased, while next Friday’s U.S. jobs report—currently expected to show around 45,000 new jobs—could become the next major catalyst for Fed pricing and gold. Technical Analysis On the H4 chart, XAUUSD is trading near 4,455 after losing the bullish channel and confirming a bearish MSS with strong downside displacement. The preferred sell area for next week is 4,520–4,560, where the broken channel structure and marked mitigation zone converge. If price retraces into this area and fails to reclaim it, sellers could resume toward the 4,360–4,400 primary downside objective, with the deeper OB near 4,327 as an extended target. Important Key Levels Current price: 4,454.99 Main sell zone: 4,520–4,560 Short-term support: 4,440–4,455 Short-term resistance: 4,520–4,560 Liquidity area: 4,360–4,400 Main target: 4,360–4,400 Invalidation: above 4,605 Trading Scenario Main Sell Setup Entry: 4,520–4,560 Stop Loss: 4,605 Take Profit 1: 4,440 Take Profit 2: 4,360–4,400 Take Profit 3: 4,327 Sell Condition Wait for a corrective recovery into the mitigation zone and clear bearish confirmation. A long upper wick, bearish engulfing candle, failed reclaim of the broken channel, or H4 close back below 4,520 may confirm renewed seller pressure. If price breaks and holds above 4,605, the bearish weekly setup becomes weaker and should be reassessed. Overall View The outlook for next week remains bearish while XAUUSD stays below the lost bullish channel and 4,520–4,560 mitigation zone. After the Jackson Hole selloff, chasing shorts near 4,455 offers limited value. The preferred plan is to wait for a corrective rebound into resistance, then look for confirmation toward 4,400–4,360 and potentially the 4,327 OB. Friday’s U.S. jobs report could accelerate or invalidate this repricing depending on how it shifts Fed expectations. Do you expect gold to retest 4,520–4,560 before extending toward the 4,360 area?