H1 Major Demand Recovery WatchGoldOANDA:XAUUSDMason_Drake XAUUSD is trading around 4,319 after another strong bearish displacement pushed price deeper inside the descending H1 structure. Sellers remain in control below the falling trendline, but price is now approaching the marked Major Demand zone where a short-term recovery could develop. The macro backdrop remains difficult for gold. The U.S. dollar is holding firm, while the 10-year Treasury yield is near 4.80% as higher oil prices revive inflation concerns. Brent has climbed above $94 amid renewed U.S.–Iran fighting, and markets are pricing roughly a 67% probability of a September Fed hike. These forces continue to pressure non-yielding gold despite geopolitical safe-haven demand. Yesterday’s JOLTS report showed U.S. job openings at 7.3 million in July, little changed from the prior month. Attention now shifts toward Friday’s August Employment Situation report, which could materially reshape Fed expectations and gold volatility. Technical View The H1 structure remains bearish after consecutive BOS signals and sustained trading below the descending resistance line. Price has now reached the 4,285–4,315 Major Demand area. This is the first zone where I would stop chasing shorts and watch for evidence that sellers are losing momentum. A liquidity sweep below demand followed by an H1 reclaim, bullish CHoCH or MSS could trigger a corrective recovery toward the 4,385–4,410 Minor Demand + OB, which has now become an important reclaim area. However, this remains a counter-trend recovery setup. Until price regains the descending trendline and builds acceptance above the upper structure, the broader H1 direction stays bearish. Key Zones Current price: 4,319 Major Demand: 4,285–4,315 Buy Priority: 4,285–4,315 Minor Demand + OB / Recovery Objective: 4,385–4,410 Descending Trendline Resistance: 4,360–4,400 area Supply / Reclaim Zone below: 4,225–4,255 Major Supply + BSL: 4,595–4,625 Trading Plan Buy Priority: 4,285–4,315 Condition: wait for a liquidity sweep into Major Demand followed by bullish rejection, reclaim, CHoCH/MSS or a clear higher-low confirmation. TP1: 4,350–4,370 TP2: 4,385–4,410 Invalidation: sustained H1 acceptance below 4,285. Buy View This is not a blind dip-buy setup. The macro environment still favors higher yields, a firm dollar and restrictive Fed expectations, so confirmation from demand is essential. If 4,285–4,315 fails to generate buyer response, the recovery thesis is invalidated and the lower 4,225–4,255 reclaim zone becomes the next technical area to monitor. Final View Gold remains bearish on H1, but the selloff is now approaching an important demand area after an extended decline. The cleaner plan is to stop chasing shorts and watch 4,285–4,315 for a confirmed recovery. If buyers reclaim structure, 4,385–4,410 becomes the main rebound objective. Will Major Demand absorb the selloff before Friday’s NFP, or will gold continue repricing toward the lower reclaim zone?