Gold Futures – Pullback Into H4 Supply Before Drop to Demand?

Price sold off strongly from 3812 resistance and is now correcting higher. On the H4, I see a bearish supply zone between 3791.4–3769.9, which aligns with prior POC acceptance around 3790. If price pulls back into this area and fails, I expect continuation lower into the H4 demand zone at 3746.3–3735.2, which also lines up with Daily Low (DL) and Weekly High (WH) liquidity markers.

Levels to Watch:

Bearish H4 Supply: 3791.4–3769.9

Bullish H4 Demand: 3746.3–3735.2

Invalidation: Break & hold above 3795 could target 3812 liquidity.

Targets: First 3746.3, extended 3735.2.

Bias: Bearish pullback scenario into supply → downside continuation.