XAUUSD – Fibo Zone Holding. Bears Still in ControlGoldOANDA:XAUUSDAlice_PrimeTradeStructure on the H1 has been printing clearly. After a sharp drop into the FVG zone around 4,365–4,430, price staged a strong recovery with a BOS on May 29, pushing up toward 4,583. That move was clean and impulsive, but the follow-through never came. Instead, price stalled at the highs and began rotating — a sign that buyers at that level were not strong enough to sustain the push. What followed confirmed the shift. A ChoCH printed below 4,480, signaling that the structure had flipped on a short-term basis. Price is now compressing inside the Fibo zone between 0.518 and 0.786, roughly 4,520 to 4,560. This area is acting as a distribution range, not a launchpad. Each attempt to reclaim the upper boundary has been met with quiet rejection, and that pattern matters. I'm leaning bearish while price stays within this zone. The 0.786 level near 4,560 has held as resistance across multiple touches, and the current price action below it shows no convincing demand. Sellers appear to be in control of the short-term narrative, and the path of least resistance still points lower. The primary downside target is the 0 level of the Fibonacci retracement near 4,453, which aligns with recent structure lows. If that level breaks with conviction, the next meaningful area of interest is the FVG origin around 4,420–4,430. That zone absorbed the previous sell-off and would likely attract price again if bearish momentum continues. The invalidation is clear. A close above 4,583 on the H1 would negate this setup entirely. That level represents the swing high from the May 29 impulse, and reclaiming it would suggest that buyers have returned with enough strength to challenge the broader range high near 4,600. Until that happens, the structure favors the downside, and I have no reason to look for longs inside this zone.