XAUUSD | H4GoldOANDA:XAUUSDIkeyhanXAUUSD is currently trading inside a corrective phase after a strong impulsive rally from the 3,950–4,000 demand zone toward the recent high around 4,650–4,700. The market has shown a clear bullish expansion phase followed by a controlled retracement, with price now approaching a key support area where buyers are expected to defend the current structure. The recent decline from the highs appears corrective rather than a confirmed bearish reversal, as price is still holding above the major demand zone and remains within the broader bullish structure. Price is currently approaching the 4,220–4,250 support zone, which aligns with: • 61.8% Fibonacci retracement level • Previous breakout area (resistance → support flip) • Fair Value Gap (FVG) / imbalance zone • Previous consolidation structure This zone represents a critical reaction area where smart money may step in. Primary Scenario – Bullish Continuation • Price holds the 4,220–4,250 demand zone • Bullish rejection or strong H4 closes from support • Buyers regain control and reclaim higher levels Upside targets: • 4,500 • 4,700 (Previous High / Liquidity Area) • 4,900 (Major Psychological Resistance) A successful reaction from this zone would confirm the current move as a healthy pullback before continuation toward new highs. Alternative Scenario – Bearish Breakdown • Clean H4 close below 4,220 • Loss of FVG support and failure to defend demand • Increased selling pressure below the retracement zone Downside targets: • 4,100 • 4,000–3,950 (Major Demand Zone) A breakdown below 4,220 would indicate that the correction is deeper and that price may seek lower liquidity before any recovery. Key Levels Major Resistance: 🔴 4,700 – 4,750 Psychological Resistance: 🔴 4,900 Key Support / Demand: 🟢 4,220 – 4,250 FVG / Imbalance Zone: 🟡 4,100 – 4,200 Major Demand Zone: 🟢 3,950 – 4,000 Until gold loses the 4,220 support zone, the higher timeframe structure remains constructive and dips should be viewed as potential accumulation opportunities. Bias: Bullish above 4,220 Key Decision Zone: 4,220 – 4,250 Upside Targets: 4,500 → 4,700 → 4,900 Downside Invalidation: Acceptance below 4,220