XAUUSD 1H: Gold at Support — Bullish Reaction or More Downside?XAU/USD Spot - GoldFX:XAUUSDbenjamin06 What I'm Seeing: Gold remains in a bearish 1H structure, making lower highs and lower lows. Price is also moving inside a descending channel and has now reached the 4,300–4,325 support/demand area, close to the previous low around 4,282. This is an important reaction zone. Why It Matters: Although the overall structure is still bearish, price is sitting at support after a strong decline. If buyers defend this area, we could see a short-term bullish correction before sellers potentially return. What I Expect Next: Bullish scenario: Support holds → bullish structure shift → move toward 4,400–4,425, with 4,500–4,520 as the next major resistance area. Bearish scenario: Price rejects the reaction area → breaks back below 4,300 → continuation toward 4,282 and potentially lower. My preferred idea is to watch for a bullish reaction first, but I will not treat it as a trend reversal while the 1H bearish structure remains intact. Support first. Confirmation next. Then execution. #XAUUSD #GOLD #PriceAction #Forex #MarketStructure #TradingView