XAUUSD H4XAU/USD SpotFX:XAUUSDWinlouhGold remains in a larger bearish structure after failing to sustain above the 4500–4520 recovery area. Current price action shows a weak bullish retracement into a marked OB resistance zone before potential continuation down. Market Structure The chart suggests a corrective wave forming after the drop from the 4700 area. Price is struggling to reclaim higher structure and continues printing lower highs. Key Zones Resistance / OB: 4495 – 4510 Mid resistance: 4570 – 4580 Fibo support zone: 4390 – 4410 Major downside target: 4283 Scenario Preferred bearish scenario: Small retracement/retest into the OB near 4500 Rejection from resistance Breakdown toward: 4400 liquidity then extended move to 4283 Bullish Invalidation Strong H4 close above 4520–4530 would weaken the bearish setup and open room for a larger retracement higher. Overall Bias H4 bias: bearish Best setup: wait for retracement into resistance, confirm rejection, favor sell continuation toward lower liquidity targets.