H1 Bearish Expansion Into Major POIGoldOANDA:XAUUSDMason_DrakeGold is trading around 3,876 after another aggressive H1 selloff pushed price to its lowest level in roughly one year. The macro backdrop remains difficult for bullion. September PCE inflation accelerated to 3.6% year-on-year, while markets continue to price a high probability of another Fed hike in December. At the same time, forced deleveraging across risk assets has added another layer of selling pressure to Gold. Technical View The H1 structure remains decisively bearish. Gold continues to trade inside the broader descending channel, with successive CHoCH, BMS and BOS confirming persistent seller control. The latest bearish displacement has now driven price directly into the 3,868–3,894 Major Resistance / Bearish POI marked on the chart. Despite the label, price is currently trading inside this marked POI after an extended downside move, so this becomes the immediate decision area. The chart projection favors another bearish extension first before any meaningful corrective recovery develops. The next marked destination sits around 3,805–3,820, followed by a possible recovery sequence back through the current POI and toward the broken structure above. Key Zones 4,072–4,086 — Immediate Demand / Reaction Zone 3,960–3,978 — Broken Support / Potential Resistance 3,868–3,894 — Major Resistance / Bearish POI 3,805–3,820 — Major Supply Zone Trading Plan Sell Priority The main scenario is to favor continued bearish pressure while Gold remains capped inside or below the 3,868–3,894 Major Resistance / Bearish POI. The preferred condition is a failed H1 recovery from this zone followed by renewed bearish displacement. If sellers maintain control, the projected move extends toward the lower 3,805–3,820 marked zone. From there, a corrective rebound could develop back toward 3,868–3,894, but the initial priority remains the downside expansion shown on the chart. The sequence is: 3,868–3,894 rejection → bearish continuation → 3,805–3,820 test → reassess the reaction. Important Note Gold is already heavily extended after a sharp multi-session decline. That means chasing weakness below the current POI carries poorer positioning than waiting for confirmation. A sustained H1 reclaim above 3,894 would weaken the immediate downside setup and increase the probability of a corrective recovery toward 3,960–3,978 Broken Support / Potential Resistance. Sell View The sell-side view remains preferred while price stays below 3,894. The broader structure remains bearish, but confirmation matters because Gold is now trading close to the lower edge of the current displacement. The cleaner setup is renewed seller confirmation from the marked POI rather than entering after another impulsive candle. Final View Gold remains under strong H1 bearish control, supported by both structural breakdown and a macro environment still shaped by restrictive Fed expectations. The immediate battle is 3,868–3,894. If sellers continue to defend this area, the chart keeps the path open toward 3,805–3,820. If buyers reclaim 3,894 and establish H1 acceptance above it, attention shifts toward a deeper corrective recovery into 3,960–3,978. For now, the primary structure remains simple: bearish pressure first, reaction from the lower marked zone second.