XAUUSD — The Retest Zone Is the Real Test

Gold is trying to recover from the lower area, but the bigger structure is still not fully bullish. Price is now trading around 4,425 - 4,435, right below the descending trendline pressure. This is an important moment because the market is moving between two ideas: A recovery continuation. Or a retest trap before sellers return. The simple read 4,469 is the first major resistance to watch. This level is the OB Sell Zone and also sits near the downtrend retest area. If gold moves into 4,469 and fails to break higher, sellers may use this zone to push price lower again. The next stronger resistance above is 4,575. This zone is marked as a Big Volume Sell area, so I will treat it as a higher supply zone if price continues to recover. On the downside, 4,370 is the first Fibo Buy reaction zone. If buyers defend this level, a short-term bounce can appear. If 4,370 fails, 4,314 becomes the next key support zone. A deeper bearish continuation can open the way toward 4,137, the Fibo extension Buy Zone. Key price zones Current price area: 4,425 - 4,435 Downtrend retest / OB Sell Zone: 4,469 Higher Big Volume Sell zone: 4,575 First Fibo Buy reaction zone: 4,370 Main OB Buy support zone: 4,314 Deep Fibo extension reaction zone: 4,137 Trading plan If gold pushes into 4,469: I will watch for rejection. A weak reaction from this zone can keep the bearish structure active. The first downside areas after rejection are 4,370 and 4,314. If gold breaks above 4,469: The recovery may extend toward 4,575. But I would still treat this as a resistance test, not an automatic bullish breakout. The market needs confirmation above the downtrend structure. If gold pulls back into 4,370: This becomes the first buyer reaction zone. A bounce is possible, but the reaction must be clear. If 4,370 breaks, 4,314 becomes much more important. If gold loses 4,314: The chart becomes heavier. The next deep reaction zone is 4,137. This is the larger Fibo extension area where I will watch for a possible stronger buyer response.