XAUUSD 01/09: Retracement Before Bearish ContinuationGoldOANDA:XAUUSDAdrian_NovaTraderXAUUSD maintains a bearish H1 bias after the strong downside displacement from the 4,630–4,640 area. The previous bullish structure has already shifted, and price is currently consolidating inside a rising corrective pattern around 4,420–4,460. For today, my primary expectation is a short-term retracement higher first, followed by a potential bearish continuation if price reaches the key premium zone and shows rejection. 🔎 H1 Market Structure Strong bearish displacement has confirmed downside momentum. Current rising structure appears corrective rather than a confirmed bullish reversal. The main area of interest is the 4,515–4,540 zone, where Fibonacci retracement and the H1 Order Block align. 🎯 MAIN TRADING PLAN Bias Today: Bearish 📉 I am watching for price to retrace toward 4,515–4,540 before looking for bearish confirmation. Entry Zone: 4,515–4,540 Preferred Entry: Around 4,525–4,535 after clear rejection Stop Loss: 4,560 TP1: 4,480 TP2: 4,420 TP3: 4,380 Final Target: 4,340–4,330 SSL ⚠️ Confirmation is important: A rejection candle, lower high, or bearish structure shift on a lower timeframe inside the main zone would strengthen the setup. ❌ INVALIDATION A sustained H1 close above 4,540–4,560 would weaken the current bearish scenario and require a reassessment of the downside bias. TODAY'S EXPECTED DIRECTION Retracement upward → Test 4,515–4,540 → Bearish continuation toward SSL. The main focus is not to chase price at the current level. The higher-probability area on this chart is the retracement into the marked Fibo + OB zone before looking for confirmation.