Observing the 1-hour chart for XAUUSD, it's evident that the price currently resides within two recently formed Quasimodo levels. These levels are still relatively new and encompass unfilled orders, anticipating a retracement in price. The upper supply level presents an excellent opportunity for initiating a sell position upon the initial contact with the price. Conversely, the lower demand level serves as a favorable entry point for a buy position.