XAUUSD: Gold Consolidates, but Sellers Still Hold the EdgeGoldOANDA:XAUUSDDomicChainaAfter the rebound earlier this week, gold failed to extend its gains and shifted into sideways movement just below the key resistance around $4,125. Several consecutive candles have been rejected from the same area, suggesting that buying pressure is weakening while sellers continue to defend the short-term supply zone. From a fundamental perspective, gold is supported by expectations that the Federal Reserve may ease policy in the coming period. However, investors remain cautious while waiting for further US inflation and labour-market data before increasing their exposure. This hesitation has prevented gold from producing a decisive breakout. On the H4 chart, price is still trading below the EMA89 and has not formed a new bullish structure. As long as the $4,125–4,130 resistance zone remains intact, the current recovery should still be viewed as a retest within a broader bearish environment. The preferred scenario is a rejection from resistance followed by a decline toward $4,050.