H4 Bullish Pullback ContinuationGoldOANDA:XAUUSDMason_DrakeXAUUSD is trading around 4,377 after correcting from the 4,440 area. The H4 structure remains broadly bullish, but the recent CHoCH shows that price may need a deeper retracement before the next expansion. The macro backdrop remains supportive. Gold recovered as the U.S. dollar weakened following an unexpected 0.6% drop in July retail sales, while softer inflation and labour data reduced expectations for another Fed hike in September. Technical View Gold continues to hold the broader higher-high, higher-low structure, but current price is trading below the 4,415–4,450 resistance and liquidity zone. The 4,290–4,325 area is the main buy zone. It aligns with previous structure and offers the cleaner location for buyers to rebuild momentum. A deeper liquidity sweep could extend toward 4,200–4,230 demand without immediately invalidating the broader bullish structure. If buyers regain control, the first objective is 4,415–4,450. Acceptance above this resistance would open the path toward the premium liquidity target around 4,525–4,560. Key Zones Current price: 4,377 Buy Priority: 4,290–4,325 Demand zone: 4,200–4,230 Resistance / liquidity: 4,415–4,450 Premium target: 4,525–4,560 Bullish invalidation: below 4,200 Trading Plan Buy Priority: 4,290–4,325 Condition: wait for an H4 pullback followed by bullish rejection, liquidity-sweep reclaim or higher-low confirmation. SL: below 4,200 TP1: 4,380–4,400 TP2: 4,415–4,450 TP3: 4,525–4,560 Important Note The current CHoCH leaves room for a deeper correction. Avoid chasing an early rebound while price remains below the main resistance zone. A sweep into 4,200–4,230 could still fit the bullish outlook, but sustained H4 acceptance below 4,200 would weaken the continuation structure. Final View Gold remains bullish on the broader H4 structure, but patience is preferred during the correction. The cleaner setup is a confirmed reaction from 4,290–4,325 before targeting 4,440 and potentially the premium liquidity zone near 4,550. Will gold defend the H4 buy zone before the next bullish expansion?