Liquidity Sweep Keeps Bearish Pressure

Fundamental Analysis U.S. retail sales declined 0.6% in July, pointing to softer consumer demand and keeping the market sensitive to movements in the U.S. dollar and Treasury yields. Gold now enters another key decision phase, with attention shifting toward the July FOMC minutes on August 19 for fresh clues on the Fed’s policy path. Technical Analysis On the H1 timeframe, Gold swept the upper liquidity around 4,436 before facing a sharp rejection, suggesting that sellers are stepping back in after the recent bullish expansion. Price is currently consolidating near 4,392. The next key reaction zone is the OB + VAL area at 4,368–4,377. A clean H1 break and acceptance below this zone would strengthen the bearish structure and potentially expose the lower Fibonacci area. Important Key Levels 4,436 — Upper Liquidity 4,368–4,377 — OB + VAL 4,340–4,350 — Fibonacci Zone 4,310–4,320 — Lower Liquidity Area Trading Scenario The short bias remains valid while price stays below 4,436. Target 1: 4,368–4,377 Target 2: 4,340–4,350 if support breaks Invalidation: Sustained H1 acceptance above 4,436 Overall View The liquidity sweep above 4,436 has shifted short-term momentum back toward sellers. If the 4,368–4,377 OB + VAL zone fails to hold, Gold could enter another bearish leg toward the lower support and liquidity area. Will buyers defend 4,368–4,377, or is Gold preparing for another leg lower?