XAUUSD – 1H Correction From Rejection Zone

XAUUSD
Market Trend | Structure | Reaction Zone
Gold remains bullish overall, but after testing the channel top near $3,985–$3,990, price shows clear rejection candles and slowing momentum. A short-term correction is now likely before the next impulse leg.

Market Scenario
📉 If bearish confirmation holds below the rejection zone, expect a corrective pullback toward demand.
This would allow price to retest structure supports before any continuation toward new highs.

Key Targets (Correction Move)
🎯 Target 1: $3,950–$3,945 → Demand retest zone (300–400 pips)
🎯 Target 2: $3,930–$3,925 → Trendline support zone (600–700 pips)
🎯 Target 3: $3,900–$3,895 → Mid-support area (900–1,100 pips)

Invalidation Zone
❌ Close above $3,995–$4,000 cancels correction setup — continuation to new highs likely.

⚠️ Disclaimer: Educational purpose only. Not financial advice.