H1 Pullback Into Rebound ZoneGoldOANDA:XAUUSDMason_Drake Gold is trading around 4,039 after failing to maintain the latest push above 4,050. The Federal Reserve kept rates unchanged at 3.75%–4.00%, but inflation remains elevated and policymakers left the door open to further tightening. With September PCE due next, short-term volatility around the marked H1 zones should remain high. Technical View The broader H1 structure is still trading inside a descending channel, but the latest recovery from the 3,98x area has changed the short-term behavior. Price produced a CHoCH followed by bullish displacement, then pushed into the 4,042–4,056 Immediate Reaction Zone before rotating lower. The chart now favors a deeper corrective pullback before another recovery attempt. The key area below is 3,991–4,005 Key Support / Rebound Zone. This zone sits above the broader 3,975.088 Structural Support and represents the strongest location on the current chart to judge whether buyers can rebuild momentum. If buyers defend this area, the recovery structure can reopen toward the upper resistance. Key Zones 4,176–4,189 — Major Supply Zone 4,102–4,115 — Major Resistance / Upside Target 4,042–4,056 — Immediate Reaction Zone 3,991–4,005 — Key Support / Rebound Zone 3,975.088 — Structural Support Trading Plan Buy Priority The main scenario is to allow Gold to retrace toward the 3,991–4,005 Key Support / Rebound Zone. I do not want to chase the market around 4,040 while price is still correcting. The condition is a clear H1 bullish reaction from support, showing that sellers cannot establish sustained acceptance below the zone. If confirmation develops, the first objective is a reclaim of 4,042–4,056 Immediate Reaction Zone. A controlled reaction from that area is acceptable. If buyers continue protecting the higher-low structure, the main upside objective becomes 4,102–4,115 Major Resistance / Upside Target. The projected sequence is: 3,991–4,005 pullback → bullish confirmation → reclaim 4,042–4,056 → continuation toward 4,102–4,115. Important Note The upcoming PCE release can create sharp liquidity sweeps around both support and resistance. The bullish recovery thesis weakens if Gold establishes sustained H1 acceptance below 3,991–4,005. A break below 3,975.088 Structural Support would invalidate the current recovery structure and require a fresh assessment. Buy View The buy-side view is conditional, not aggressive. The strongest location is 3,991–4,005, not current price. Buyers need to defend that zone and rebuild structure before the upside projection becomes valid. Final View Gold is still inside a broader bearish environment, but the short-term H1 recovery has created a potential rebound structure. The decisive area is 3,991–4,005. If that support holds, the chart favors a recovery through 4,042–4,056, followed by a larger expansion toward 4,102–4,115. For now, the plan is simple: let price reach support first, then judge whether buyers are strong enough to continue the recovery.