H1 Bearish Retest Toward Previous SupportGoldOANDA:XAUUSDMason_DrakeXAUUSD is trading around 4,291 after another bearish leg pushed price back into the 4,275–4,295 Current Demand Zone. H1 structure remains bearish beneath the descending trendline, but price is now sitting near support, so chasing fresh shorts at current levels is less attractive. The macro backdrop remains heavy for gold ahead of today’s Fed decision. Markets are pricing roughly a 90% probability of a 25 bp rate hike, while the U.S. dollar remains firm and Treasury yields recently reached their highest levels since 2007. Oil has eased slightly today but remains above $100, keeping inflation concerns elevated. The FOMC statement is due at 2:00 p.m. ET, followed by Chair Kevin Warsh’s press conference at 2:30 p.m. ET. Technical View The H1 structure continues to print lower highs and bearish structural breaks. Price is currently reacting from the 4,275–4,295 demand zone, so a corrective rebound may develop before the next bearish leg. The first important recovery area is around 4,335–4,360, but the cleaner sell location sits higher at the 4,375–4,390 Order Block, where the descending resistance structure also aligns. If sellers defend this zone, the next downside objective is the 4,254 previous support. Above that, 4,425–4,450 Supply remains the stronger resistance area, while 4,500–4,515 Major Supply is the higher-timeframe ceiling. Key Zones Current Price: 4,291.440 Current Demand: 4,275–4,295 Sell Priority / Order Block: 4,375–4,390 Supply Zone: 4,425–4,450 Major Supply: 4,500–4,515 Downside Target / Previous Support: 4,254.130 Trading Plan Sell Priority: 4,375–4,390 Condition: wait for an H1 recovery into the Order Block followed by bearish rejection, failed acceptance or lower-high confirmation. TP1: 4,300–4,285 TP2: 4,254 Invalidation: sustained H1 acceptance above the Order Block and descending resistance structure would weaken the immediate bearish setup. Sell View The preferred approach is not to chase shorts around 4,290 because price is already sitting inside demand. A corrective recovery toward 4,375–4,390 would provide a cleaner location to evaluate seller response. With the Fed decision approaching, a liquidity sweep above nearby resistance remains possible before direction becomes clearer. Final View Gold remains bearish on H1, while the macro environment continues to favor higher rates, a firm dollar and elevated yields. The main scenario is a rebound from current demand into 4,375–4,390, followed by renewed bearish continuation toward 4,254. Will the Fed trigger the H1 retest into the bearish Order Block before gold attacks previous support?