Gold H1 Zone: $4,548 Supply Or Deep $4,373 Reset?GoldOANDA:XAUUSDFiora_WintradeMACRO BREAKING NEWS Reuters: Selling accelerated after reports that diplomatic envoys finalized a preliminary 60-day ceasefire extension over the critical Strait of Hormuz lane, deflating geopolitical hedges. Bloomberg: Sovereign physical gold accumulation slowed down by 14% last quarter, signaling a tactical institutional pause at these premium price tiers. Financial Times: Industrial commodities are sliding due to cooling manufacturing output in East Asia, dragging bullion down via broad sector basket liquidations. Wall Street Journal: Wall Street desks are aggressively squaring long exposure ahead of high-impact US NFP and ISM Manufacturing PMI data releases. 📌 Key Levels to Watch: 🔹 Primary Overhead Supply (Target): $4,548.417 🔹 Immediate Structural Pivot Floor: $4,514.500 🔹 Internal Mitigation Boundaries: $4,493.110 — $4,451.824 🔹 Ultimate SMC Demand Pool (Target): $4,373.927 The Multi-Wave Rejection Path (Black Path): If current buyers fail to maintain acceptance above $4,514, expect a multi-wave engineered drop. Price will look to test the $4,493.110 block, bounce briefly to form a minor retail relief fakeout back up toward the $4,548.417 supply wall, and then print a final, devastating flush through the $4,451.824 horizontal pivot straight down to mitigate the $4,373.927 extreme demand floor. The Direct Cascade Path: If the $4,514.500 handle snaps immediately without any intermediate relief rally, the corrective structure is invalidated, triggering a direct, high-velocity slide down to sweep the stops resting below $4,373.927. Are you shorting this H1 structural breakdown down to the $4,373 demand floor, or are you sitting on your hands waiting for the fakeout signature? Let's debate your playbook below! 👇