Gap down open possible next moves goldGoldOANDA:XAUUSDPrecisionPipLabMarket context 1H XAUUSD Price is ranging, clear supply above 4800–4820 and demand below 4620–4600, deeper at 4520–4500 expecting a gap down, so focus is on reaction at demand. Scenario 1 Gap Down into 4620–4600 (Primary Buy Setup Entry: 4620–4600 zone Confirmation: Wait for rejection candle or bullish engulfing on 15m or 1H Stop Loss: Below 4585 Targets: TP1: 4700 TP2: 4780 TP3: 4800–4820 supply probability trade if price respects first demand. Scenario 2 Gap Down Breaks 4600 Deeper Buy If strong bearish momentum and no reaction at 4600: Entry: 4520–4500 (second demand Stop Loss: Below 4470 Targets: TP1: 4600 TP2: 4680 TP3: 4750+ This is safer if market shows panic selling. Scenario 3: Gap Down but Quick Reversal Aggressive Buy If market gaps down but instantly starts filling gap Entry: After reclaim of 4650 with strong candles Stop Loss: 4600 Targets: TP1: 4720 TP2: 4800 zone Sell Setup Only at Supply If price rallies Entry: 4800–4820 Stop Loss: Above 4840 Targets TP1: 4700 TP2: 4620. Gold Spot / U.S. Dollar (1H). Price is moving between two main areas: Top side (4800–4820): Whenever price reaches here, it gets rejected. That means sellers are strong in this zone. It acts as a ceiling. Bottom side (4620–4600): Price has bounced from here before. Buyers step in, so this works as support. There’s also a deeper support (4520–4500). If the first support breaks, price can drop here and then react. What it means overall: Market is not trending, it’s just moving up and down between these zones. Upper zone = sell pressure Lower zones = buy pressure About the gap down idea: If price opens lower, it may drop straight into a demand zone. That’s where buyers are expected to react again