Gold is currently moving lower after rejecting the 4,360–4,365 area and forming a sequence of lower highs and lower lows on the 1H chart
🔹 Current area: Price is approaching the marked demand zone around 4,258–4,275.
🔹 Market structure: Recent downside breaks show short-term bearish pressure
🔹 Key reaction zone: The demand area is where price previously showed strong buying interest
🔹 Upside structure: A sustained reaction from demand could bring the 4,320–4,350 region back into focus, with the previous high area near 4,360–4,371 acting as an important resistance region
🔹 Invalidation: A decisive breakdown and acceptance below the demand zone would weaken the bullish reaction scenario and could indicate further downside development.
📌 Key observation: The reaction around the demand zone is important. Rather than assuming a reversal, I’ll be watching how price behaves there and whether market structure begins to shift.