#XAUUSD #Gold created a strong rebound from the 4,302 sell-side liquidity area and shifted into a short-term bullish correction.
The recent recovery broke minor structure and pushed price back toward 4,480. However, price is now sitting below the descending trendline and the 4,511 high. This is the key rejection area for sellers.
The first support to watch is the OB Buy Zone around 4,420 - 4,430. If gold pulls back into this zone and buyers defend it, the recovery can continue toward 4,500 - 4,511.
But if gold reaches 4,500 - 4,511 and fails to break through the trendline, this area could become a bull trap. A rejection there may send price back toward 4,430, then 4,375 - 4,385.
The deeper OB Buy Zone around 4,370 - 4,385 remains important. Losing this zone would weaken the recovery and open the door for another test toward 4,302.