XAU/USD 1hour technical analysis. Long setup

Downtrend: The chart shows a clear downtrend with the price moving below a descending trendline (blue line).
• Support Zone: There is a highlighted orange/red support zone around the price level of $3,217–$3,224, where price recently bounced.
• Reversal Possibility: The small black projected path suggests a potential reversal or consolidation from the support zone with a bullish move anticipated.
• Resistance Levels:
• $3,240–$3,277 is an initial resistance zone.
• A much higher resistance area is marked between $3,400–$3,437 (brown box), showing where the previous strong sell-off began.
• Technical Indicators: The red downward arrow at the top and the drop in price by −102.032 (−3.07%) indicate recent bearish momentum.