$XAU 4H update.
Bearish structure remains intact, but downside momentum is clearly slowing.
Second bottom formed while sell pressure weakened compared to previous legs down.
Current zone is critical:
• reclaim and hold above +dPOC could trigger short-term recovery
• rejection from value area likely opens move back toward lower POC
Right now this looks like market exhaustion rather than confirmed reversal.
Watching for acceptance vs rejection before taking directional bias.