Price in the past has shown to be bullish after a sharp drop such as yesterday to the current level. Where price has consolidated after the sharp drop to current levels, it has returned back higher. If price broke through current levels during the sharp drop, then it would continue downwards.
Where price has rejected the level in the past, it has gone up to the next level. The current 4H candle shows a rejection of this same level and we can expect a move of about 100 pips to the upside to the next level.
![XAUUSD: [XAUUSD] Bullish 1H chart for ~100pips](https://s3.tradingview.com/x/XTzmJgAy_mid.png "[XAUUSD] Bullish 1H chart for ~100pips")
