Bullish Range Into Major Bearish OB

Fundamental Analysis Gold remains supported by a weaker U.S. dollar and concerns around U.S. debt. However, upcoming PCE data and Jackson Hole could bring higher volatility and change short-term rate expectations. Technical Analysis On H1, Gold remains inside a bullish rising range after confirming a BOS above the 4,500 area. Price is now approaching the 4,705–4,730 Major Bearish OB, which is the main resistance and potential reversal zone. Volume Profile shows strong previous activity around 4,480–4,510, while the deeper 4,450–4,470 OB + POI remains the key support if a correction develops. Important Key Levels 4,705–4,730 — Major Bearish OB 4,480–4,510 — Volume Profile Support 4,450–4,470 — OB + POI 4,310–4,335 — SLL Trading Scenario Sell priority comes after a final bullish push into 4,705–4,730 followed by clear H1 rejection. Target: 4,575 first, then 4,450–4,470 if bearish momentum expands. Invalidation: H1 acceptance above the Major Bearish OB. Overall View The short-term trend remains bullish, but price is approaching an important resistance zone. The cleaner idea is to let Gold complete the bullish wave first, then watch for confirmation of a deeper correction. Will Gold reach the Major Bearish OB before sellers take control?