4080 in Sight? The OB Rejection Plan | XAUUSD 21/10GoldOANDA:XAUUSDAdrian_NovaTraderGold is showing a clear bearish shift on the H1 chart after failing to sustain bullish momentum near 4180–4186. The rejection from this Order Block was followed by a sequence of lower highs, bearish displacement and a breakdown toward 4108–4112. Price is now trading near a critical decision area, where the next reaction could determine whether gold extends its decline toward 4080 or develops a temporary recovery. 📍 Key Levels Major Resistance: 4208–4214 Upper Supply OB: 4180–4186 Intermediate Resistance: 4178–4186 Main H1 Entry POI: 4141–4147 Intraday Reaction Level: 4124 Immediate Support: 4108–4112 Major Demand / Support: 4078–4086 🔎 H1 Market Structure & Liquidity The latest bearish leg suggests sellers remain in control while price stays below the 4141–4147 Small OB. The rejection from the higher OB near 4180–4186 established a lower high, followed by continued downside expansion. The 4108–4112 area is the immediate structure to monitor. A clean H1 close below this area, followed by a failed retest, would strengthen the continuation scenario and expose liquidity around the major support zone at 4078–4086. However, price has already declined significantly. Entering after an extended bearish candle could result in poor risk-to-reward. A corrective rally into the Small OB would provide a more structured area to observe for renewed selling pressure. 🔴 Primary Scenario — Sell the Retracement Preferred Entry Zone: 4141–4146 Stop Loss: 4152 TP1: 4124 TP2: 4108 TP3: 4086 Final Objective: 4078 Execution Plan: Wait for price to retrace into 4141–4146, the marked Small OB. Observe whether price sweeps local buy-side liquidity and fails to hold above the zone. Look for bearish displacement or a bearish MSS on M15 before considering an entry. If confirmation appears, the proposed stop is 4152, above the entry zone and nearby resistance. Consider 4124 as the first reaction level, 4108 as the next structural test, and 4086–4078 as the major support destination. The bearish scenario remains valid while price fails to reclaim the Small OB. A decisive H1 close below 4108 and a weak retest from underneath would provide additional evidence of downside continuation. 🟢 Alternative Scenario — Bullish Recovery If price holds above 4108–4112 and forms a bullish MSS on M15, gold may recover toward 4124 before testing 4141–4147. A sustained H1 reclaim above 4147 would weaken the immediate bearish setup and increase the possibility of a deeper correction toward 4178–4186. This would not automatically confirm a full trend reversal; the reaction at the upper OB would remain important. The bearish idea should be reassessed if price breaks above 4152, which invalidates the proposed short setup, while a sustained reclaim above 4186 would challenge the broader bearish structure. 📊 Intraday Direction — 21 October My primary bias is bearish, with 4108 as the immediate downside trigger and 4078–4086 as the main support destination. The preferred sequence is a corrective rally into 4141–4146, bearish confirmation, and then a renewed move toward lower liquidity. The alternative is a temporary recovery if buyers defend 4108–4112 and reclaim 4147. Without either a confirmed retracement rejection or a clean support breakdown and retest, there is no high-quality entry to pursue.