XAUUSD – Waiting for a Pullback Into Bearish ConfluenceGold vs US DollarPEPPERSTONE:XAUUSDTranquilaSmcXAUUSD remains bearish across H4, H1 and M15, but price is currently trading in discount, so chasing the move lower offers poor positioning. The preferred scenario is a pullback toward the 4,290–4,297 area, where PWL aligns with a bearish FVG/OB. A clear lower-timeframe rejection and bearish confirmation from this zone would support continuation toward PDL around 4,252. If price accepts below PDL, the next downside objective is the H4 order block around 4,230–4,245. A sustained move above 4,300 would weaken the immediate bearish scenario and open the door for a deeper retracement. XAUUSD ostaje bearish na H4, H1 i M15, ali se cena trenutno nalazi u discount delu raspona, zbog čega ne želimo da jurimo već pokrenut pad. Primarni scenario je pullback prema zoni 4.290–4.297, gde se PWL poklapa sa bearish FVG/OB zonom. Jasna reakcija i bearish potvrda na nižem vremenskom okviru podržale bi nastavak prema PDL-u oko 4.252. Prihvatanje cene ispod PDL-a otvorilo bi prostor prema H4 order blocku oko 4.230–4.245. Stabilan povratak iznad 4.300 oslabio bi trenutni bearish scenario i povećao mogućnost dubljeg retracementa.