XAUUSD Daily remains in a broader bearish structure after rejecting the 5280 area and selling off sharply into major support around 4376 to 4219. Price has bounced from that support cluster, but the rebound is still trading below the key daily pivot at 4766.65, which keeps the move looking corrective rather than a confirmed trend reversal. As long as gold remains below 4766.65, the higher timeframe bias stays bearish, with downside risks back toward 4495, 4376, and 4219 if the bounce fails. A sustained daily reclaim above 4766.65 would be needed to shift the structure more convincingly bullish and open room toward higher resistance.
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