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XAU 29.10.2026
## 4H Timeframe Analysis
**Minor Trend:** Bearish
**Sell Order Flow POI:** 4066.5–4217.3
This sell order flow can be refined into two smaller zones:
– **Zone 1:** 4106.3–4142.2
– **Zone 2:** 4165.7–4199.0
### Bearish Scenario
As long as the price remains unable to break above the sell POI and establish a bullish Change of Character (CHoCH), the bearish scenario remains in focus.
The first downside target is **3975.6**, which marks the 4H swing low.
If bearish momentum continues and the price breaks below this level, the next target is **3942.1**, corresponding to the weekly swing low.
### Bullish Invalidation
If the price breaks through the sell POI and moves above **4217.3**, followed by a clear bullish CHoCH, the current bearish outlook may become invalid. This would suggest a potential shift in market structure from bearish to bullish.
### Potential Reaction After a Low Break
When the price breaks below a previous low, a rebound may follow as the market reacts to liquidity around that level. However, a rebound is not guaranteed, and further downside remains possible if bearish momentum continues.
**Key Levels to Watch:**
– Sell POI: 4066.5–4217.3
– 4H Low / Target 1: 3975.6
– Weekly Low / Target 2: 3942.1
– Bullish Invalidation: A break above 4217.3 followed by a clear bullish CHoCH
The key is to monitor how the price reacts at each level rather than assume that any zone or low will automatically trigger a reversal.
**** Disclaimer**** This analysis reflects my personal market view and interpretation of price action for educational and journaling purposes only. It is not financial advice or a recommendation to buy or sell any financial instrument. Always do your own research and manage your risk.
![[Aggregator] Downloaded image for imported item #23875 XAU 29.10.2026](https://tradersignals.org/wp-content/uploads/2026/10/2YGfvtNi_mid.png)