Small OB Holding Before Deeper Correction

Fundamental Analysis Gold remains cautious after the latest U.S. inflation data. Persistent inflation keeps rate expectations uncertain, while traders now wait for fresh Fed guidance from Jackson Hole. Technical Analysis On H1, Gold remains in a corrective structure after rejecting from the 4,675–4,695 BSL area. Price is now testing the 4,570–4,595 Small OB, where a short-term rebound may develop. However, the broader wave still favors a deeper correction if buyers fail to recover the upper structure. Volume Profile also shows strong activity around 4,600–4,640, making this the key rebound area to watch. Important Key Levels 4,675–4,695 — BSL / Major Resistance 4,600–4,640 — Volume Profile Resistance 4,570–4,595 — Small OB 4,445–4,490 — Fibo Zone 4,330–4,365 — OB + Support Trading Scenario Sell priority remains after a corrective rebound followed by bearish confirmation below the upper resistance. Target: 4,445–4,490 first, then 4,330–4,365 if bearish momentum expands. Invalidation: H1 acceptance above the BSL zone. Overall View Gold may bounce from the Small OB first, but the main H1 focus remains a deeper corrective wave toward the Fibo Zone. Will buyers create one more rebound before sellers push Gold lower?