XAUUSD Technical Analysis 04.01.2022 1h chart

Previous Daily candle had 30 Dollar Drop from 1830 all the way to 1800, 1830 has been a Strong Rejection area and Resistance on Weekly throughout 2021.

Although the previous Monthly candle have closed Strong Bullish above Monthly Resistance at 1815 Maintaining the Bullish market structure, Possibly the heavy drop could be a retest of the recent Daily Support at 1804.