XAUUSD 1H: Bounce Into Supply, Then a Drop Below the Low?GoldTVC:GOLDgill_fxsniperGold is trading between two key areas, and the next few days likely depend on how price reacts at each. Context Gold fell sharply from the 4,120s to 3,975.65, bounced to 4,082, and has pulled back to around 4,025, just above demand. 🟢 Demand: 3,990–4,012 Buyers pushed price from the lows to 4,082 from this area. It was retested on the 29th and held. Watching for buyers to defend it again. 🔴 Supply: 4,073–4,107 This is where the sell-off began. Sellers rejected price from 4,082 on the 28th. The area sits in the upper half of the recent drop, the expensive side of the range. Liquidity Above: stops resting over the 4,082 high, inside supply. Below: stops under the rising trendline and the 3,975 low. Neither has been taken yet. Roadmap Demand holds and price rallies into supply, taking the stops above 4,082 Sellers step back in from supply Price drops through the trendline and the 3,975 low toward 3,942 The sell from supply is the stronger half of this plan, since it goes with the bigger downtrend. The bounce from demand is against that trend, so it needs extra care. Invalidation A close below about 3,988 before the rally means the drop comes early. A close above about 4,110 means sellers have lost supply and the bearish view is wrong. News US data on Nov 2–4 falls inside the window for the drop. Expect volatility around those releases. Levels are approximate. This is analysis for education, not financial advice.