Bearish Continuation, 4,290 Rejection | XAUUSD 25/09GoldOANDA:XAUUSDAdrian_NovaTraderXAUUSD is currently trading around 4,270, after a sharp H1 decline from the 4,360–4,370 area. The chart shows a clear sequence of lower highs and lower lows, while price is now consolidating above the 4,250–4,260 liquidity area. The latest price data also shows that gold moved from around 4,298 on September 24 to a low near 4,249 before stabilizing around 4,270. 📊 H1 Market Structure H1 structure remains bearish. Price rejected the descending trendline and H1 OB around 4,355–4,365. Strong bearish displacement pushed price through 4,320 → 4,300 → 4,290. Price is now consolidating around 4,260–4,290. The 4,283–4,292 zone is the key intraday reaction area. Major SSL remains around 4,240–4,250. The broader macro backdrop is also currently unfavorable for gold, with higher Treasury yields, a firmer USD and expectations of further Fed tightening weighing on XAUUSD. 🎯 Today's Directional Expectation Primary expectation: Bearish continuation after a corrective retracement. I would not chase the current price around 4,270. The preferred path is: 4,270 → retracement into 4,283–4,292 → rejection → 4,260 → 4,250 → 4,240 The key area to watch today is 4,283–4,292. If price returns there and forms bearish displacement/M5–M15 structure confirmation, the downside continuation scenario becomes technically valid. 📌 Primary Trading Plan Entry Zone: 4,283–4,290 Stop Loss: 4,304 TP1: 4,265 TP2: 4,250 TP3: 4,240 Risk: approximately 14–21 points depending on execution. Entry Condition Do not execute simply because price reaches the zone. Wait for: Price to tap 4,283–4,292. Liquidity sweep or clear rejection. M5/M15 bearish displacement. A bearish CHoCH/BOS. Retest of the confirmation area. This keeps the setup based on POI + liquidity + structure, rather than the OB/consolidation zone alone. 🔄 Bullish Invalidation / Alternative Plan If price establishes an H1 close above 4,304–4,310, the primary bearish scenario is invalidated. In that case, I would wait for: 4,305–4,315 → bullish structure confirmation Potential upside objectives: 4,320 4,340–4,350 4,355–4,365 H1 OB I would not assume an immediate reversal simply from a move above 4,300. A sustained displacement and structural confirmation are required. 🧠 Key Levels 4,355–4,365 — H1 OB / major resistance 4,320–4,350 — recovery zone 4,300–4,310 — bearish invalidation area 4,283–4,292 — primary POI / consolidation 4,260–4,270 — current price area 4,250–4,260 — recent liquidity 4,240–4,250 — Major SSL 📍 Final Bias H1 Bias: Bearish For today, my preferred scenario is a retracement into 4,283–4,292 followed by bearish confirmation and continuation toward 4,250–4,240. The critical level is 4,300–4,310. As long as price fails to establish sustained H1 acceptance above this region, I will treat rallies as corrective rather than a confirmed structural reversal.