Gold H1: Is 4,100 the Next Liquidity Target?GoldOANDA:XAUUSDCaptionGold_TraderHas Gold’s recovery failed—or is this another liquidity sweep before a reversal? Gold is trading near 4,151 after rejecting the 4,195–4,212 resistance area. Price has broken below the rising support structure and printed a bearish Market Structure Shift (MSS), putting the next downside liquidity zones in focus. Meanwhile, the market is preparing for the US September CPI release. With headline inflation expected to accelerate, the data could trigger sharp moves in the US Dollar, Treasury yields, and Gold. 🔎 H1 Technical Map Overhead supply / retest zone: 4,167–4,174 Previous resistance / OB: 4,195.677 First downside POI: 4,124–4,132 Major lower demand: 4,097–4,105 Key reference: 4,100.330 🔴 Scenario 1 — Bearish Continuation If Gold retraces into 4,167–4,174 and sellers defend the zone, a lower-timeframe bearish MSS could confirm another move toward 4,124–4,132. A decisive breakdown and failed reclaim of that support would expose the 4,097–4,105 demand zone. The key is to wait for confirmation rather than chase price directly into support. 🟢 Scenario 2 — Liquidity Sweep and Reclaim If price sweeps liquidity below 4,132 or reaches the 4,097–4,105 demand zone, then quickly reclaims the broken level, a relief rally could develop. However, a bullish reaction alone is not enough. I would want to see a clear M5/M15 bullish MSS or BOS before considering a reversal. The Real Question Will Gold continue distributing toward 4,100—or will CPI volatility create the liquidity sweep needed for a recovery? Would you sell a confirmed rejection at 4,170, or wait for price to reach the lower demand zone first?