XAUUSD – 1H ANALYSIS MARKET OVERVIEW: Gold has swept the previous equal highs around 4600 twice and immediately rejected from the major supply zone. This suggests liquidity above the highs has already been taken and sellers are defending the 4600–4620 region strongly. In H1 time frame double top pattern formed and indicating bearishness in gold price. STRUCTURE ANALYSIS: Higher timeframe still remains bearish below 4620 Current move is a bullish retracement inside a broader downtrend Recent rejection candle from 4600 indicates a possible lower high formation 👉 Bias: Short-term bearish toward lower FVG and support zones KEY LEVELS: Major resistance / supply: 4600 – 4620 Immediate resistance: 4580 – 4590 Current price: ~4578 First support: 4538 – 4520 Main demand zone: 4460 – 4440 Final downside support: 4405 – 4395 SMART MONEY VIEW: Institutions likely used the move above 4600 to grab buy-side liquidity. After the sweep, the rejection suggests price may now move lower into the imbalance zone around 4520–4460 before any stronger bullish continuation. #forextrading# #EUR/CHF# #GBP/AUD# #EUR/JPY# #USDollar# #FX# #BTC/USD# #BeginnerTrader# #forexmarket#