XAUUSD 4371 ATH held — 4230 pullback?

XAUUSD 4371 ATH held — 4230 pullback?

That 4,371 reaction is the whole chart right now.

Gold ripped hard from the 4,150 base, broke structure, cleared 4,290, then tapped the ATH zone around 4,371 and started respecting it. Yeah, buyers had control. No doubt.

But this is not where I chase longs.

Price is stretched. Really stretched.

The run from the lower Order Block around 4,150 - 4,170 into 4,371 was aggressive. Now gold is sitting near 4,328, right under the ATH reaction area. That usually means one thing: late buyers are exposed.

Main bias for this setup is bearish pullback while gold stays below 4,371.

The first level I’m watching is 4,290. That’s the short-term support and the Fib reaction area. If price loses 4,290, the pullback can open toward the nearest Order Block around 4,230 - 4,250. That is the cleaner demand zone. Not the top. Not the middle. The real reload area.

If sellers push harder, the deeper OB around 4,150 - 4,170 is still sitting below as the bigger discount zone.

Trading scenario:

Sell idea only if gold rejects below 4,371 or loses 4,290 with clean pressure.

Entry zone: 4,328 - 4,350 after rejection
Alternative entry: below 4,290 after breakdown confirmation
Stop loss: above 4,371
TP1: 4,290
TP2: 4,250
TP3: 4,230
Final target: 4,170 - 4,150

No rejection, no sell. No breakdown, no chase.

If gold closes strong above 4,371, this pullback idea is cooked. Then buyers can hunt new highs again.

For now, I’m reading this as ATH respected first, liquidity pullback next.

You think 4,371 rejects properly, or gold forces one more breakout?