XAUUSD H1: Gold Breaks EMAs as Recovery Gets TestedGoldOANDA:XAUUSDDomicChainaXAUUSD has just posted a sharp decline on the H1 timeframe after failing around the 4,570–4,575 zone. Price is now trading near 4,535 and has broken below both short-term EMAs, showing that the previous buying pressure is clearly weakening. What stands out to me is that the 4,550–4,555 zone has now shifted from short-term support into nearby resistance. If gold rebounds into this area but fails to break above it clearly, selling pressure could return again. My preferred scenario is that gold may first recover slightly toward 4,545–4,555 to retest the lost EMA zone, then continue lower toward 4,520–4,510. If strong buying pressure appears around this support, price could form a short-term base before attempting another move back toward 4,550–4,570. With the current structure, I would not rush to catch the bottom immediately after such a strong bearish candle. Gold needs to show a clear reaction around 4,520–4,510 before we can talk about a more sustainable recovery.