Gold: 4H & 6H SELL Alignment After Rejection From $4,697XAU/USD Spot - GoldFX:XAUUSDkeyvankhoGold has reached an important decision point after failing to sustain the rally above the $4,650–$4,697 area. After reaching approximately $4,696.87, XAUUSD began losing momentum near the upper resistance structure. This was followed by a sharp bearish displacement with a significant expansion in volume. The important development is that I now have bearish alignment across both timeframes: 4H: QUALITY SELL Entry: $4,469.29 Invalidation: $4,703.75 T1: $4,317.57 T2: $4,020.72 6H: FAST SELL Entry: $4,524.41 Invalidation: $4,703.96 T1: $4,395.55 T2: $4,317.57 Gold closed the week around $4,456.77. The immediate area around $4,440–$4,460 is important because price is testing rising structural support. A short-term reaction or bounce from this area would therefore not be surprising. However, unless Gold can recover and hold back above approximately $4,525–$4,550, I currently favour further downside. My first bearish objective is the $4,395 area. A confirmed breakdown below that region would expose the much more important $4,317 structural support, which is particularly interesting because it appears as a target on BOTH the 4H and 6H setups. Below $4,317, the correction could become considerably deeper, with the 4H structure pointing toward approximately $4,020. The bearish thesis is invalidated if Gold recovers above approximately $4,704. One thing I find particularly important here is the multi-timeframe agreement. The previous bullish move has already matured, and both the 4H and 6H structures have now generated SELL conditions following rejection from the highs. My current view: Bias: BEARISH Main timeframe: 4H 6H confirmation: BEARISH Immediate resistance: $4,525–$4,550 Major resistance / invalidation: $4,704 First target: $4,395 Main target: $4,317 Extended target: $4,020 This analysis is based on market structure and price action and is not financial advice. #Gold #XAUUSD #GoldTrading #TechnicalAnalysis #MarketStructure