XAUUSD 1H — Bearish Pullback at Key SupportGold / U.S. DollarFOREXCOM:XAUUSDElite_Trader_66Gold is showing renewed bearish pressure on the 1-hour timeframe following a rejection from the 4,180–4,200 resistance region. The recent Change of Character (CHoCH) indicates a shift toward short-term bearish momentum, while price has retraced toward the 4,136 support area and the nearby Fair Value Gap (FVG). The 4,112–4,136 FVG is an important demand zone where buyers may attempt to defend the market. However, the current recovery remains vulnerable unless price reclaims the 4,170–4,185 region and establishes stronger bullish structure. Trade Setup — Short Scenario Entry zone: 4,170.16 Stop loss: 4,210.11 Take profit: 4,100.15 Immediate support: 4,136.16 Lower support / FVG: Around 4,090–4,095 Resistance: 4,180–4,200 The preferred scenario is a corrective rebound toward the planned entry area, followed by renewed selling pressure toward 4,136 and potentially 4,100. A sustained break below the FVG support would strengthen the bearish continuation scenario. Invalidation and Risk Management A strong 1-hour recovery above 4,185 would weaken the immediate bearish outlook, while a sustained move above 4,200–4,210 would invalidate the marked short setup. Since price is currently below the planned entry, avoid chasing the move; wait for a valid retracement and bearish confirmation. This is a technical scenario, not a guaranteed outcome. Manage risk carefully and confirm price action before entering.