XAUUSD is showing a clear bearish shift on the H4 timeframe, with price breaking below the recent support structure and trading under the declining trendline. The sharp selloff into the 4,450 area suggests that sellers are taking control of short-term momentum.
If price fails to recover back above the broken support zone and selling pressure continues, I expect XAUUSD to extend lower toward 4,405. A decisive break below this level could open the way for a deeper decline toward 4,340.
From a technical perspective, the loss of support combined with the bearish trendline keeps the downside scenario in focus. Therefore, I favor a “sell on rebound” approach as long as price remains below the broken structure.
Main Trend: Bearish | Resistance: 4,455–4,480 | Target: 4,340