GOLD 4H — Retracement Zones & Conditional ScenariosGold (per 0.1) CFDFOREXCOM:GOLDThePainTraderGOLD 4H — Retracement Zones & Conditional Scenarios Gold remains under bearish pressure following the sharp decline from the **4,697.6** high. The rebound from the lower PRZ produced a local bullish structure shift, but the subsequent rejection shows that a broader bullish reversal is not yet confirmed. Plan 1 — First Retracement Zone: 4,562–4,577 This area overlaps the marked fractal levels and is the first zone to monitor if price recovers. A liquidity sweep followed by bearish displacement and a lower-timeframe structure shift could support a short setup, with 4,488 and 4,457 as initial downside reference levels. Plan 2 — Higher Retracement Zone: 4,588–4,599 If price reclaims the first zone, attention shifts to this higher resistance area. Shorts remain conditional on a clear rejection—not simply a touch of the zone. Sustained acceptance above 4,615 would weaken these nearby bearish setups and increase the possibility of an extension toward 4,697.6 external liquidity. Upper PRZ: 4,738–4,774 If a stronger recovery takes price beyond the previous high, this becomes the next major potential reversal area. A short scenario would require a liquidity sweep and fresh bearish confirmation. Lower PRZ: 4,298–4,333 This is the key area to monitor for another bullish reaction. A sweep of the recent low followed by a strong reclaim and bullish structure shift could support a recovery toward 4,457–4,488. A decisive break below this zone and a failed reclaim would invalidate the support-based long scenario and favor further downside. Execution: Treat all marked zones as decision areas, not automatic entries. Pre-CPI disclaimer: These scenarios are based on the market structure before the upcoming CPI release. The report could invalidate existing setups and create new structures. Wait for the post-news reaction and reassess before entering.