XAUUSD 1H | Key Support Bounce or Bearish ContinuationGOLD (US$/OZ)TVC:GOLDZkGoldTraderXAUUSD 1H Analysis Gold remains in a bearish structure while trading below the descending trend/MA. Price is currently testing the 4306–4314 demand zone, which could trigger a short-term bullish recovery. 🟢 Bullish Scenario: Hold 4306–4314 → reclaim 4361 → 4372 → 4407/4416 → potential target 4471 🔴 Bearish Scenario: Rejection from 4361–4372 + break below 4306 → 4297 → 4289 📌 Key Pivot: 4331 📈 Major Breakout: 4407–4416 📉 Bearish Breakdown: Below 4306 🎯 Upside Target: 4471 Bias: Bearish overall, but a bullish reversal is possible from the current demand zone. Wait for confirmation before entering.