XAUUSD has broken below the 4,480–4,500 support zone on H4, confirming that sellers still control the short-term structure.
Price is trading far below both EMAs, while the short-term EMA continues sloping downward around 4,510–4,530. This means any rebound may still be only a pullback into supply.
Gold remains pressured by strong USD, elevated rate expectations, and inflation concerns linked to higher oil prices, even though geopolitical risk still supports some safe-haven demand.
Trade Plan
Sell setup: wait for a technical rebound toward 4,430–4,450. If price rejects clearly, targets are 4,380–4,360.
Continuation sell: if 4,360 breaks, bearish momentum may extend toward deeper liquidity zones.
Buy setup: only consider buying if gold reclaims 4,480–4,500 with a strong H4 close.
Invalidation: clear H4 close above 4,500.