XAUUSD 4H: Support Breakdown and Retest Zone in FocusGoldOANDA:XAUUSDMr_Nolan_ForexGold closed the week near 3,875 after a sharp drop below an important support area on the 4H timeframe. Here is a clear look at the structure and the levels to watch this week. 1️⃣ Market Structure Since the high in late August, price has been moving inside a descending channel, forming lower highs and lower lows. The latest leg broke below the channel’s midline and through the key support. 2️⃣ Support Breakdown The 3,945 area acted as strong support for weeks. A strong 4H candle has now closed below it, which turns this level into potential resistance. 3️⃣ Retest Zone After a strong breakdown, price often returns to retest the broken level. A pullback toward the 3,945 area would be the retest zone. If price is rejected there, the bearish structure remains intact. 4️⃣ Downside Levels The next support levels sit near 3,840 and 3,800. The 3,800 area also lines up with the lower boundary of the descending channel, so price reaction there will be important. 5️⃣ Upside and Invalidation A 4H close back above 3,945 would weaken the bearish view. Higher premium supply areas are marked near 4,220 and 4,310. 6️⃣ Fundamental View Gold’s recent weakness has been linked to elevated Treasury yields, a firm US dollar and Fed rate-hike expectations. Sharp moves in equities can also add selling pressure. On the other hand, central bank demand remains a longer-term support. US data and Fed comments this week may keep volatility elevated. 📌 Summary Key resistance (broken support): 3,945 Next support: 3,840 and 3,800 Higher supply: 4,220 and 4,310 A confirmed 4H close is important before drawing conclusions. Always manage your risk. Educational analysis only. Not financial advice.