# Gold Price Drops to 4080 as Bearish Wave Unfolds

> Gold price drops to 4080 as bearish wave structure unfolds.
- Title: Gold Price Drops to 4080 as Bearish Wave Unfolds · TradingView
- Summary: Gold price drops to 4080 as bearish wave structure unfolds. Gold price drops to 4080 after bearish wave structure rejection.
- Keywords: xauusd, gold, bearish, wave, 4080, order block, 4110, 4130, 4140, 4189, 4200, business
- Source: TradingView — https://tradingview.com/chart/XAUUSD/jOFD8lsJ-XAUUSD-H1-Wave-5-Unfolding-4080-Is-Back-in-Focus
- Published: 2026-10-21T14:12:11+00:00
- Read time: 1 min
- Topics: xauusd, gold, bearish, wave, 4080, order block, 4110, 4130, 4140, 4189, 4200, business
## Gold Struggles to Recover
Gold price struggles to recover after rejection from 4189, 4200 resistance zone.
## Bearish Structure Forms
Price forms bearish CHOCH and continues lower with sequence of lower highs and lower lows.
## Recent Rebound Fails
Latest rebound toward 4140 fails to sustain momentum, returning to 4124.
## Potential Five-Wave Bearish Structure
Current count suggests potential five-wave bearish structure leading to 4075, 4085 order block.
## Key Decision Zone
Price consolidates near 4110, 4130; breakdown opens path to 4075, 4085 order block.
## Sell Scenario 1
Rebound toward 4128, 4135 followed by bearish rejection suggests sellers defending descending structure.
## Sell Scenario 2
H1 candle closing below 4110 with failed retest could extend move toward 4075, 4085 order block.
## Buy Scenario 3
Reclaiming 4135, 4140 with bullish structure shift could trigger move toward 4170 and 4189.
## Key takeaway

Gold price drops to 4080 after bearish wave structure rejection.