TLDR: No trade yet. Gold is between key daily and 4H levels, and with major USD news this week, I'm waiting for confirmation before committing.

My focus is on the 4H structure within the broader daily context. While the longer-term trend remains intact, recent lower highs suggest sellers are beginning to apply pressure. That's not enough to sell—I want price to prove it.

Bullish scenario: A strong reclaim and confirmation above the current 4H structure would put continuation back on the table.

Bearish scenario: A confirmed break below the current 4H swing would shift my bias lower, targeting the next major daily support. I'll trail my stop behind newly formed pivots and continue targeting a minimum 4:1 reward-to-risk.

For now, this is a waiting game. The market doesn't owe me a trade, and I'd rather miss a move than force one before the structure confirms.