XAUUSD H4 remains bearish overall after the breakdown below the major 4982 pivot. The current move higher looks more like a relief rally than a true reversal, as price is still trading well below the broken H4 structure and is now reacting under the 4517–4619 resistance zone. This means the broader trend is still lower highs and lower lows, with the key H4 downside supports sitting at 4310 and then 4207–4105. On the lower timeframe, 4497.67 remains the near-term pivot. Holding above it can support a short-term bounce toward 4571–4619, but as long as H4 remains below 4619, rallies are still vulnerable to selling. A loss of 4497.67 would bring the lower-timeframe structure back in line with the H4 downtrend and reopen 4454, 4415, and 4310.
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