XAUUSD - 4H Outlook: Retracement Before the Next MoveGold / U.S. DollarFOREXCOM:XAUUSDwavenacciXAUUSD has shown a strong bullish reaction after sweeping liquidity below the recent lows near 4,050, indicating that sell-side liquidity has likely been collected. The impulsive rally from the low suggests buyers are becoming active, but price is now approaching a key Fair Value Gap (FVG) around 4,340–4,360, where selling pressure may emerge. The preferred scenario is for price to extend slightly higher into the FVG and complete the current corrective rally. A rejection from this area would signal that the retracement is losing momentum and could trigger a pullback toward the bullish order block around 4,210–4,230. That blue zone becomes the key area to monitor. If price retraces into the order block after rejecting from the FVG and holds above the recent liquidity low, it would provide a stronger foundation for buyers to re-enter the market. Such a move would effectively create a higher low structure and support the possibility of a larger bullish continuation. In the short term, the market may still push higher toward the FVG, but traders should be aware of potential rejection signals there. The main focus remains on how price reacts after the pullback, with the 4,210–4,230 demand area acting as the most important zone for bullish continuation.