XAUUSD 1H Analysis: Lower High Signals Further DownsideGoldOANDA:XAUUSDGoldex_Signals1XAUUSD remains under bearish pressure after facing a strong rejection from the major resistance zone around 4,360–4,380. The recent rally respected the resistance area and failed to establish a higher zigh, leading to a sharp selloff and confirming seller dominance in the short term. From a market structure perspective, price has broken the previous bullish trendline and is now trading within a clear sequence of lower highs and lower lows. The descending trendline highlights the current bearish momentum, suggesting that sellers remain in control unless a significant breakout occurs. As long as gold remains below the resistance zone and the descending trendline, the bias remains bearish. A continuation lower could see price revisit the major support area around 4,020–4,040, which previously acted as a strong demand zone. However, if buyers manage to reclaim the trendline and break above the resistance zone, the bearish outlook would be invalidated and a move toward higher levels could follow. For now, I remain cautious and will be watching for either a continuation of the bearish structure or signs of accumulation near the major support zone. 📊 Key Levels: 🔴 Resistance: 4,360 – 4,380 🟢 Support: 4,020 – 4,040 This analysis is for educational purposes only and not financial advice.