XAUUSD (Gold) — 1H SMC Market Outlook

Gold is currently showing a bullish retracement, but the broader structure remains bearish. The current move appears to be a pullback into supply, rather than a full trend reversal.

📉 Market Structure

• HTF → Bearish (BOS intact)

• LTF → Bullish retracement

• Market Phase → Pullback into resistance

👉 Bias: Bullish short-term → Bearish continuation

🔴 Sell Zone

4,480 – 4,550

This remains the key resistance zone where rejection probability increases.

🟢 Support Zones

4,420 – 4,390 → Immediate support

4,350 – 4,300 → Strong demand

📐 Fibonacci Reaction Zone

0.618 – 0.786

Primary rejection area.

📌 Conclusion

Gold remains in a sell-the-bounce environment, with rejection from supply zones likely to drive the next bearish move.

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