Gold (XAUUSD) 1H – Bearish Structure Tests 4260

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Gold (XAUUSD) 1H – Bearish Structure Tests 4260GoldCAPITALCOM:XAUUSDFXGoldVisionπŸ“Š FXGoldVision Daily Market Outlook 🟑 Market Status: WAITING Market Phase: Bearish Expansion Bias: Current evidence favours downside, but confirmation is required at 4260. Gold remains under bearish pressure across H4, H1 and M15. Price is trading beneath the major EMA structure while MACD remains negative across the key publishing timeframes. However, XAUUSD has already fallen into the 4260–4261 immediate support area, with H1 and M15 RSI approaching oversold territory. Chasing the current decline therefore carries increased rebound risk. Key Zones Major Resistance: 4309–4313 Immediate Resistance: 4284–4290 Decision Zone: 4275–4285 Immediate Support: 4260–4261 Major Support: 4240–4250 ⭐ FXGV A-SETUP β€” Higher Quality πŸ”΄ SELL BELOW 4260 (H1 Close) Expected Path: Breakdown β†’ Retest/Rejection β†’ Continuation 🎯 TP1: 4250 🎯 TP2: 4240 🎯 TP3: 4220 Invalidation: H1 recovery and close above 4290. ↩ FXGV B-SETUP β€” Alternative 🟒 BUY ABOVE 4290 (H1 Close) Expected Path: Reclaim β†’ Retest β†’ Corrective Recovery 🎯 TP1: 4309 🎯 TP2: 4323 🎯 TP3: 4337 Invalidation: H1 closes back below 4260. ⚠ RISK Gold is already approaching oversold intraday conditions. Today's U.S. labor/housing data and Fed commentary may also generate false breaks or two-sided liquidity sweeps. Wait for the completed H1 candle rather than treating a wick through either confirmation level as sufficient. ⏳ Wait. Confirm. Execute. No confirmation = No trade. Educational Analysis Only.