Watching $GLD here for a potential bounce

Been keeping an eye on $GLD today, and it looks like we're settling into a bit of a range after that early dip. Currently trading around 377.01, after hitting a low of 373.7 earlier. What's interesting to me is how it's reacting to what looks like a confluence of support from a previous swing high on the daily chart, which aligns roughly with the 373-374 area. It didn't punch through decisively on this move down.

My read is that if we can hold this 373-374 zone over the next few sessions, there's a reasonable chance for a short-term bounce, maybe back towards the 380-382 area. The risk that invalidates this scenario for me would be a sustained break and close below 373. That would suggest the sellers are still firmly in control, and we'd likely see a retest of lower levels from there. Not looking to call a bottom, just observing the reaction at a key level.