XAUUSD 4023 retest — 3972 still calling GOLD (US$/OZ)TVC:GOLDEthan_TraderProXAUUSD 4023 retest — 3972 still calling That bounce back above 4,000 looks nice for a second. But yeah. I’m not buying the whole story yet. Gold dumped hard from the 4,100 zone, broke the short-term channel, then kept sliding under the EMA stack. That is pressure. No need to overcomplicate it. The small recovery from 3,990 is just a reaction from the low for now. Price is still trading below 4,023, below 4,052, below 4,074, and under the bigger 4,088 area. That whole EMA cluster is sitting above price like a ceiling. Macro also isn’t clean for bulls. USD only paused after a strong run. Oil and inflation worries are still around. Fed expectations still lean heavy. So gold gets a bounce, sure. But upside looks capped unless buyers reclaim structure properly. Main bias stays bearish while price holds below 4,052 - 4,074. The zone I’m watching is 4,023 first. If gold retests there and fails, sellers can hit it again. Below 4,000, the next draw is the discount zone around 3,972 - 3,962. That area makes sense for the next liquidity grab. Trading scenario: Sell idea only if price rejects 4,023 - 4,052 or breaks back below 4,000 with clean pressure. Entry zone: 4,023 - 4,052 after rejection Alternative entry: below 4,000 after breakdown confirmation Stop loss: above 4,074 TP1: 4,000 TP2: 3,988 TP3: 3,972 - 3,962 No rejection, no chase. If gold closes back above 4,074 and holds, this short idea gets messy. Above 4,088, sellers lose control for now. Until then, this still looks like a weak bounce into resistance. You selling the retest, or waiting for 4,000 to snap again?