XAUUSD H2: Sharp Drop Gets Halted — Waiting for ConfirmationGoldOANDA:XAUUSDMarcus_lawsonOn this 2h timeframe, gold has clearly just gone through a fairly steep and fast decline from the 4.160 high down to the 4.040 zone, but what's notable is that price didn't probe any lower — it bounced back almost immediately, unlike the typical gradual decline pattern. This suggests it could be a strong-reacting demand zone rather than just ordinary support. I'll wait for a further pullback into the 4.090–4.100 zone to confirm before buying, stop loss below 4.065, targeting the resistance zone at 4.140–4.160. If price breaks back below 4.040, this is more likely just a technical bounce within a longer downtrend, and I'll stay on the sidelines to observe further. This is just my personal take based on technical analysis. Wishing you successful trading.