XAUUSD - 4H Outlook: Bearish Pressure Remains IntactGold / U.S. DollarFOREXCOM:XAUUSDwavenacciXAUUSD continues to trade with a bearish bias after failing to sustain gains above the recent liquidity high near 4380. The sharp rejection from point A suggests that buy-side liquidity has been taken, while sellers have regained control and pushed price back below the previous breakout area. The recent decline has already returned price into the bullish order block around 4200-4230. However, the lack of a strong bullish reaction indicates that downside pressure remains dominant. As long as price stays below the 4320-4380 range, the current move can be viewed as a continuation of the broader corrective structure. The preferred scenario is for price to continue lower and target the unfilled Fair Value Gap around 4100-4130. This area aligns closely with the 0.71 retracement level near 4128, making it a logical draw on liquidity for the market. A move into this zone would complete a deeper correction and potentially attract fresh buyers. In the short term, minor rebounds may occur, but unless buyers reclaim recent highs and shift market structure back to the upside, rallies are likely to be viewed as temporary retracements rather than a trend reversal. Key Scenario: • Bearish bias remains valid below 4320-4380. • Price may continue seeking liquidity lower. • Main downside objective is the FVG around 4100-4130. • Watch for bullish reactions only after price reaches and respects that discount area.