Yes, correct.
Your testes seem to be working as they produce TT when SERMs raise your LH and FSH synthetically.
If you're set on using something, then I'd go with Tamoxifen at 20mg/ED for 6 weeks (40mg/ED week 1), then after 6 weeks 10mg/ED for 2 weeks, then 10mg/EOD for 1 week (taper off), but you might get a boost again like before, then decline and your TT settles down again putting you at 200-300 like before.
You dont need HCG or HMG.
You could go with food supplements (herbs) to help, but again you might get that fake boost and then return to baseline again.
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Something with Fadogia Agrestis (high ratio extract), same with Tongkat Ali, KSM-66, Tesnor (not completely convinced).
Honestly, I'd just wait now and give your body time, retest in 4 weeks, then again in 4 weeks and see if it starts to raise slowly.