Bounce or Breakdown at This Level?[read caption]XAU/USD SpotFX:XAUUSDMoriss365Price has delivered an impulsive breakout to the upside, followed by a healthy pullback into a key support zone. The structure remains bullish as long as demand holds. 🔎 Key Levels Target: 5,250 Major Resistance (Previous High): 5,240–5,250 Support Zone: 5,140 Demand Zone: 5,080–5,100 🧠 Price Action Breakdown After a strong expansion leg, the market printed a local top near 5,240 and began retracing. The pullback is corrective in nature, forming a potential higher low within the broader uptrend. We now have two important reaction areas: Support (5,140 area) Previous consolidation zone. If buyers defend this level, it confirms bullish continuation. Demand (5,080–5,100 area) Strong imbalance origin. A sweep into this zone followed by rejection would offer a higher-probability long entry. The drawn projection suggests a liquidity sweep into support/demand before continuation toward equal highs. 📈 Bullish Scenario Price holds above 5,080 Rejection wicks or strong bullish candles from support/demand Break above minor lower highs Continuation toward 5,240 Target extension: 5,250+ This would complete a higher-low formation and continuation of the prevailing uptrend. ⚠️ Bearish Invalidation Clean breakdown and acceptance below 5,080 Strong bearish momentum with no immediate reclaim That would shift short-term structure and open downside continuation. 💡 Trade Idea (If Confirmed) Long entries: 5,140 support or 5,080 demand (with confirmation) Stop: Below demand Target 1: 5,240 Target 2: 5,250+ Risk management is key — wait for confirmation rather than anticipating the bounce. 🔥 Summary Trend: Bullish Bias: Buy the dip Key Focus: Reaction at support/demand before continuation toward 5,250