XAUUSD — Bearish Channel Retest Toward 4,071XAU/USD Spot - GoldFX:XAUUSDmeganetworkXAUUSD is currently respecting a descending channel on the 1H timeframe, keeping the short-term structure bearish. Price is approaching the lower support area around 4,300, where a reaction is possible. The primary scenario is a move back toward the upper channel for a bearish rejection. Primary scenario: • Short entry area: 4,375–4,400 • Confirmation: bearish rejection from the channel retest • Target 1: 4,300 • Target 2: 4,196 — 30M OB • Target 3: 4,071 — 30M OB • Invalidation: H1 candle close above 4,402.40 If price closes above the channel and invalidates the bearish structure, the short setup is no longer valid. The idea is based on the descending channel structure, resistance at the upper channel, and the marked support/order-block areas below. This is a scenario-based analysis, not a guaranteed outcome. Price action and confirmation should be monitored as the setup develops.