Gold XAUUSD 4H: Rejection Could Send Price Toward $4,230GoldOANDA:XAUUSDpullbacksignalXAUUSD remains bearish on the 4H timeframe Price is currently testing the marked pullback/resistance zone, and the downside move is still more likely as long as this area continues to reject price. The setup is simple: sell from the current area or slightly higher after a clear rejection, with very low risk and a defined invalidation. Setup: Short after rejection from the pullback/resistance zone Invalidation: $4,396 Short-Term Target: $4,230 Main Target: $4,094 The first target at $4,230 is the short-term move. If bearish momentum continues, the next major target is $4,094, representing the larger expected move. A sustained break above $4,396–$4,400 would invalidate the bearish idea and cancel this short setup. We previously shared a Head & Shoulders setup on Gold. That structure is still valid as long as the bearish structure remains intact. Previous Head & Shoulders analysis: There is also a macro factor supporting the bearish scenario. The US Dollar Index is currently showing strength, while the Federal Reserve recently raised its target rate to 3.75%–4.00% and its September projections indicated another possible hike in 2026. A stronger dollar can add pressure to Gold, although this remains a supporting factor rather than a standalone signal. For now, the key is simple: wait for rejection, keep risk small, and respect the invalidation. ⚠️ Risk Warning: No setup is guaranteed. Wait for confirmation, respect the invalidation level, and manage risk carefully.