Gold (XAU/USD) 1H – Key Levels & Trend Reversal?GOLD (US$/OZ)TVC:GOLDzakalj Gold is attempting to recover after bouncing from the $2,891-$2,895 support area (green arrow). The recent breakdown led to a retest of the major demand zone, which has historically provided strong buying interest. 🔹 Support & Resistance Levels: Support: $2,891-$2,895 (blue line & previous demand). Resistance: $2,939-$2,945 (red arrow) – a key supply zone that must be cleared for further upside. 🔹 Bullish Case: If price breaks above $2,939-$2,945, we could see a push toward $2,956+ (previous highs). The bounce from the lower Bollinger Band and VWAP support signals potential upside momentum. 🔹 Bearish Case: If price fails to break above $2,939, another drop to $2,891 or lower is possible. A rejection from resistance could confirm a lower high, signaling continued weakness. ⚠️ Key Level to Watch: $2,939-$2,945 – Breakout or Rejection?