XAUUSD H2: Could This Bounce Form Another Lower High?GoldOANDA:XAUUSDmartin_waternGold has been forming a fairly clear series of lower highs, tracking closely along a descending trendline from the 4.180 high. Following the most recent rejection at the trendline, price has dropped fairly sharply and is now leaning on the 4.000–4.020 demand zone, an area that previously served as the launchpad for the prior rally. 📍 Structure: LH → LH along the descending trendline, and price is now retesting the 4.000–4.020 demand zone for the second time since mid-month. ➡️ Main scenario: If this demand zone continues to hold, there's a decent chance of a technical bounce toward the descending trendline around 4.080–4.090, where I'll need to watch price's reaction to confirm the next direction. ⚠️ Risk scenario: If price breaks through the demand zone and closes below 4.000, this support structure would be considered broken, opening the possibility of a deeper decline toward the 3.960 zone. My plan is to buy if price holds above the 4.000–4.020 demand zone, stop loss below 3.995, targeting the descending trendline zone around 4.080–4.090 above. This is just my personal technical take, not investment advice.