H4 Bearish Continuation Toward 3,800–3,830GoldOANDA:XAUUSDXAU_Macro_PulseMarket Pulse Gold remains under heavy selling pressure after breaking below the 3,960–3,980 Current Demand Zone. The macro backdrop continues to favor USD and higher-rate expectations: the Fed maintained its policy rate at 3.75%–4.00%, while two FOMC members preferred a 25bp hike. US Q3 GDP expanded 3.4%, while September PCE inflation accelerated to 3.6% YoY, keeping inflation above the Fed’s 2% target. The latest liquidation also pushed spot Gold to around $3,881, its lowest level since October 2025, with market pressure amplified by expectations of tighter Fed policy and broader risk-off selling. What the Chart Says On H4, Gold remains inside a broader bearish structure defined by the descending trendline. The previous recovery failed beneath the major supply area, followed by a sharp BOS to the downside. More importantly, price has now broken below the Current Demand Zone and the lower channel structure. This confirms that sellers have regained control of the H4 structure and shifts attention toward the next major downside area. The current move is already extended, so chasing the selloff carries higher risk. A corrective rebound into the broken support area could provide a cleaner test of whether sellers are still defending the structure. Levels That Matter 3,960–3,980: Broken Current Demand Zone / resistance on recovery 4,050–4,080: Major Supply Zone 4,120–4,140: Higher supply / broader H4 resistance 3,800–3,830: Major Downside Target Zone My Main Plan The preferred H4 scenario remains bearish continuation while Gold stays below 3,960–3,980. If price rebounds into this broken demand zone and sellers reject the retest, the bearish structure could extend toward the 3,800–3,830 Major Downside Target Zone. A deeper corrective recovery is possible after such an aggressive decline, but it would need to reclaim the broken zone and establish sustained H4 acceptance above it before the bearish continuation scenario is reconsidered. Risk — Invalidation The main warning for sellers is a strong H4 reclaim of 3,960–3,980. Such a move would suggest that the breakdown may have been a liquidity sweep rather than sustained structural acceptance below support. A stronger recovery above the broken structure could then expose the 4,050–4,080 supply zone. Final Read The H4 structure is clearly bearish after the breakdown from the Current Demand Zone and channel support. With macro expectations still tilted toward tighter Fed policy, the downside remains favored. The key question is whether Gold retests 3,960–3,980 and rejects it, or immediately continues toward 3,800–3,830. For now, the cleaner approach is to watch the broken support for confirmation rather than chase the extended move.