XAUUSD - Watching the 1870 Level Closely

Been looking at $XAUUSD for a potential bounce, but the persistent pressure around the 1870 level is concerning. We've seen a few attempts to break above it, but each time it's been rejected fairly swiftly. To me, it suggests that there's significant supply or simply a lack of conviction from buyers at these levels.

My take is that if we fail to establish a sustained move above 1870 in the next couple of sessions, then the risk of a deeper pullback increases significantly. A clear break and close below 1850 would, in my view, invalidate any short-term bullish outlook and likely open the door towards the 1820-1830 zone. Still observing, not committing yet.