XAUUSD — 4260 Decides the Next Sweep GoldOANDA:XAUUSDEthan_TraderProXAUUSD — 4260 Decides the Next Sweep Gold is sitting in a dangerous spot. Price is trading near 4,282, close to the one-week low, and the recovery still looks weak. Buyers tried to defend the lower area, but every bounce is still getting capped under the short-term bearish structure. This is not clean bullish yet. The chart shows one important thing: gold is still moving below the bearish channel pressure, and the last rejection from the LTF Supply / FVG around 4,350 - 4,365 confirms that sellers are still active at higher prices. Macro also supports the pressure. Fed rate-hike bets, elevated US yields, and a firmer USD continue to weigh on gold. Geopolitical risk can create short-term spikes, but for now, it has not been enough to give buyers full control. The key level now is 4,260. If gold breaks 4,260 with pressure, the next liquidity draw is 4,233. That is where I would start watching for a possible reaction, not here in the middle. But I don’t want to chase sells too late. If gold sweeps 4,233 and quickly reclaims 4,260, a short buy reaction can happen back toward 4,313 - 4,365. Still, that would be only a reaction trade, not a full bullish reversal. Main view: Gold remains bearish while price stays below 4,365. The stronger sell zones are still above: LTF Supply / FVG: 4,350 - 4,365 Main mitigation zone: 4,426 External buy-side liquidity: 4,506 If gold reclaims 4,313, price may try to retest 4,365. But if 4,365 rejects again, sellers can reload and push price back toward 4,260 - 4,233. Trade idea: Sell idea only if gold rejects 4,313 - 4,365. Target: 4,260 first, then 4,233. Buy scalp only if gold sweeps 4,233 and reclaims 4,260 fast. Target: 4,313, then 4,350 - 4,365. If gold breaks and holds above 4,365, the bearish pressure becomes weaker. Then price can recover toward 4,426, where the next major reaction zone is waiting. For now, I’m reading this as weak recovery under bearish pressure. 4,365 decides if buyers are real. 4,260 decides if sellers continue. 4,233 is the next liquidity magnet. Do you think gold sweeps 4,233 first, or fakes a bounce into 4,365 before dropping again?