Gold failed breakout and rejected zone $4030 - $4050

🧭 Chart Analysis (XAUUSD – 1H with structure context) Market Structure
That means momentum continues downward as long as price stays below 4030–4050.

🔑 Key Levels
Level Type Expectation
4050 Resistance / SL zone If broken, bears invalidated
4000 Minor resistance Retest zone after rejection
3920 Target 1 Previous swing low liquidity
3880–3850 Target 2 Measured move of the channel / full extension
3820 Extreme Final downside sweep before reversal possible

📉 Projection
If price closes below 3920 (cleanly on 4H or D1),
next leg likely extends to 3850 — the lower boundary of your yellow trend channel.
That level aligns with:
Previous liquidity grab zone from October 22 low.
Channel bottom support.
Fibonacci extension 1.272 from the 4050 swing high.

⚙️ Trading Setup Idea
Bias: Short (continue existing sell bias)
Sell zone: 4000–4020 (retests possible)
SL: 4060
TP1: 3920
TP2: 3886
TP3: 3850
TP4: 3820 (extended)

Risk–Reward ≈ 1:3.8
✅ Structure = Bearish
✅ Rejection = Confirmed
✅ Target = 3850 realistic if 3920 breaks