XAUUSD — H1 Bearish Retest Into Reaction Sell ZonesGoldOANDA:XAUUSDXAU_Macro_PulseFundamental Gold remains under pressure after Monday’s sharp selloff, as higher oil prices have revived inflation concerns and reinforced expectations for additional Fed tightening. U.S. 10-year Treasury yields are near a 19-year high around 5.27%, while Brent remains around $106, keeping the macro backdrop restrictive for non-yielding Gold. Markets are pricing roughly a 70% probability of an October Fed hike. The Fed raised its target range to 3.75%–4.00% in September and noted that inflation remains elevated. Traders now focus on ADP and August PCE data on September 30, followed by September payrolls on October 2. Technical H1 structure remains bearish after the breakdown from the 4,245–4,255 major demand zone. Price has since fallen toward 4,110, then formed a short-term recovery structure. The current rebound has reached around 4,152, with price testing the upper part of the local ascending correction. The immediate reaction area is 4,153–4,160, where Fibonacci resistance and the local trend structure converge. A deeper retracement could reach 4,192–4,200, marked as the main H1 reaction sell zone. Below price, 4,127–4,132 remains the key support area for the current correction. Important Key Levels 4,192–4,200 — Main reaction sell zone 4,153–4,160 — Immediate sell/scalping zone 4,127–4,132 — Key support 4,110–4,115 — Major swing low 4,080–4,100 — Deeper downside area Trading Scenario Main Sell Setup Wait for a corrective rebound into 4,192–4,200 and look for bearish rejection. Entry: 4,192–4,200 SL: Above 4,212 TP1: 4,160 TP2: 4,127–4,132 TP3: 4,110 Sell Condition The bearish scenario remains valid while price stays below 4,212. A rejection from 4,192–4,200, followed by renewed H1 bearish momentum, would confirm continuation. A sustained H1 reclaim above 4,212–4,230 would weaken the setup and require reassessment. Overall View The broader H1 structure remains bearish, but Gold is currently in a corrective recovery after the aggressive selloff. The cleaner approach is to wait for price to reach the 4,192–4,200 reaction zone rather than chase the current rebound. Macro conditions remain unfavorable while oil and Treasury yields stay elevated, with upcoming U.S. employment and PCE data likely to increase volatility. Will Gold complete the corrective rebound into 4,192–4,200 before sellers return?