POC Rejection Keeps Bears in FocusGoldOANDA:XAUUSDSimon_wave Fundamental Analysis Gold is supported by a softer U.S. dollar and lower Treasury yields after weaker private jobs data. However, Fed rate expectations remain uncertain, with Friday’s NFP likely to drive the next major move. Technical Analysis On H1, Gold is recovering from the recent low but remains inside a broader bearish structure after strong displacement from 4,630. Price is now testing the 4,425–4,450 POC, an important Volume Profile resistance area. Failure to reclaim this zone could bring sellers back and continue the bearish wave. Important Key Levels 4,595–4,625 — OB + Major Resistance 4,425–4,450 — POC / Resistance 4,335–4,365 — Small FVG 4,225–4,250 — Major Bullish OB Trading Scenario Sell priority remains on bearish rejection from the 4,425–4,450 POC. Target: 4,335–4,365 first, then 4,225–4,250 if momentum expands. Invalidation: H1 acceptance above 4,450. Overall View The rebound has reached an important decision area, but the H1 structure still favors sellers. A rejection from the POC could restart the move toward lower support. Can sellers defend 4,450 and push Gold lower again?