XAUUSD 23/05 Bulls Keep Getting Trapped Below H4 ResistanceGoldOANDA:XAUUSDAdrian_NovaTraderXAUUSD continues respecting the broader bearish H4 structure after rejecting aggressively from the major resistance zone near 4,880 and maintaining consistent lower highs inside the descending channel. Despite several short-term bullish rebounds, price action still fails to reclaim key structure resistance, suggesting the current recovery may simply be another liquidity trap before bearish continuation. Recent BOS confirmations and failed CHoCH attempts continue highlighting seller dominance across the H4 structure. The latest reaction from the 4,480 support area remains weak while price continues trading below the descending trendline and beneath the major OB resistance around 4,740–4,760. Currently • Price remains inside a bearish descending structure • Lower highs continue confirming seller control • Recent BOS supports downside continuation • 4,740–4,760 acting as major H4 OB resistance • Liquidity continues building below 4,450 support • Weak bullish momentum suggests limited recovery potential Trading Plan Bias: Bearish Continuation Main Zone: • 4,740–4,760 → H4 OB + premium resistance zone Key Levels: • 4,520 → Current short-term reaction zone • 4,480 → Major support area • 4,450 → Key liquidity target • 4,360 → External liquidity objective Execution Idea: If price continues respecting the descending resistance and fails to reclaim the H4 OB zone, sellers may continue driving price lower toward the liquidity resting beneath 4,480 and 4,450 support. A confirmed breakdown below support would likely trigger another impulsive bearish expansion toward external liquidity. Targets → TP1: 4,480 → TP2: 4,450 → TP3: 4,360 → TP4: Liquidity sweep below 4,360 Invalidation Any sustained bullish close above 4,760 with strong bullish MSS/CHoCH confirmation would invalidate the bearish continuation thesis and increase the probability of a larger recovery toward higher resistance zones. Key Insight The market still appears to be trading inside a controlled bearish distribution phase. Until buyers reclaim major H4 resistance and break the descending structure, every recovery may continue offering opportunities for sellers to reposition lower.