XAUUSD H1: Buy-Side Liquidity Rejection — Is a Retest of 4,350 NGoldOANDA:XAUUSDRichard_PrimeInsightsGlobal Context Gold has completed a strong recovery impulse into the major premium resistance area, executing a clean liquidity grab above the prior local highs. The current market structure indicates that the 4,420 – 4,440 zone acts as an active ceiling, where buyers are facing heavy distribution and profit-taking. As long as price remains capped below this resistance block, momentum favors a deeper retracement into intermediate discount levels. The projected path suggests a zigzag corrective decline toward the 4,360 – 4,370 Fibo Zone + FVG, with potential for a relief bounce before continuing lower to test the dynamic ascending trendline and the broader 4,230 – 4,245 Support + OB base. The major structural draw remains the confluence of the ascending trendline around 4,350 and the lower imbalances. Technical Playbook The Bias: H1 Bearish Pullback / Corrective Retracement. The primary focus is tracking the downward rotation as long as price trades below the 4,420 – 4,440 resistance block. The Main Horizons: The key structural areas are the 4,420 – 4,440 Buy-Side Liquidity + Resistance, the 4,360 – 4,370 Fibo Zone + FVG, and the dynamic ascending trendline around 4,350 (with major support at 4,230 – 4,245 Support + OB). The Target Path: The preferred scenario is for price to reject further upside attempts at 4,415 – 4,420, expand downward into 4,360 – 4,370, form a lower high on a short-term pullback, and finalize the leg into the ascending trendline near 4,350. Confirmation: Sustained bearish displacement, loss of minor H1 intraday lows below 4,400, and failure to close above 4,420 will validate the short-term pullback thesis. Invalidation: The bearish corrective framework is invalidated if price accepts and closes firmly above 4,440 on the H1 candle close, resuming the macro bullish expansion toward new highs. The key question: Will Gold reject the 4,420 – 4,440 Buy-Side Liquidity and retrace back to test the ascending trendline near 4,350? Or will buyers absorb the overhead supply and push for an outright breakout above 4,440? Are you shorting the resistance rejection, or waiting to buy the dip at the trendline? 👇 Educational purposes only — Not financial advice.