XAUUSD H2: Gold Loses Momentum as Sellers Push Toward Liquidity GoldOANDA:XAUUSDDomicChainaXAUUSD on the H2 timeframe is showing a much weaker structure after failing around the 4,570–4,580 zone. This was the area where buyers previously attempted to push price higher, but absorption was not strong enough and gold was quickly sold back down. What stands out most to me is that gold has now fallen below both EMAs, while the short-term EMA has also started turning downward again. This suggests the previous rebound is losing momentum, and the 4,525–4,535 area has now shifted into nearby resistance. With the current structure, I do not see this as an attractive bottom-fishing zone. Price is currently trading near 4,500 and remains very close to lower liquidity areas, meaning the market will likely want to retest buying interest around 4,485–4,475 before showing a clearer reaction. My preferred scenario is that gold may first rebound technically toward 4,520–4,530 to retest the lost EMA zone, then continue facing selling pressure toward 4,485–4,475. If sellers continue controlling this area well, the deeper target I’m watching is around 4,455–4,450, where strong buying pressure appeared previously. With markets waiting for important USD data and further Fed signals, I would not chase long positions simply because price is near support. For me, gold needs to reclaim the 4,535–4,550 zone before buyers can regain stronger control. As long as price remains below this area, my main focus is still watching rebounds to evaluate continued selling pressure.