Gold : Another if this and then that scenario

The current price is near the Daily Open and below the Previous Week High , suggesting a potential rejection zone where supply might dominate.

The recent pullback (as shown by the red arrow) indicates that smart money may be ready for another liquidity grab or correction to test lower demand zones. A bearish reversal from the current level could form, Price is likely to target the Previous Week Low.
After testing lower area as per red arrow, I expect a bounce back up, so I’d watch for a bullish candle—like a hammer or engulfing pattern in lower side and price can recover as per the green arrow (We have to wait for low confirmation )