XAU/USD (Gold) Technical AnalysisGoldOANDA:XAUUSDDavid_fx11Market Overview: The chart indicates a shift in sentiment from a bearish downtrend toward a potential bullish reversal. After a period of making lower highs, price action is consolidating at a major support level, preparing for a move toward higher liquidity zones. Key Technical Factors: Trend Shift: Price has transitioned from a sharp decline into a consolidation phase. The emergence of strong bullish candles (blue) suggests that buyers are beginning to absorb the selling pressure. Demand Zone (Support): The lower blue shaded box (approx. 4,680) is acting as a "buy zone." The market is respecting this area, indicating strong interest from bulls to defend this level. Fair Value Gap (FVG): The upper blue box (approx. 4,800) represents a price imbalance. In technical trading, these gaps act as magnets, as the market typically seeks to return to these "unfair" price areas to rebalance. The Projection: The current path suggests a "Stop Run" or retest of the demand zone to collect liquidity before an impulsive move upward. Trade Setup & Targets: Bullish Confirmation: A break and hold above the horizontal resistance line at 4,750. Primary Target: The 4,800 FVG zone, which aligns with the previous swing highs. Invalidation Point: A daily close below the 4,680 demand zone would negate the bullish thesis and suggest a continuation of the downtrend.