XAUUSD — Demand Retest Before BreakoutGoldOANDA:XAUUSDGold_Prime_Smc Market Context Gold is trading around $4,045 after recovering from the sell-side liquidity area near $3,960. The recent bullish MSS and BOS show improving buyer control, but price remains compressed below the descending H4 trendline. The Federal Reserve held rates at 3.50%–3.75%, while US Q2 GDP slowed to a 1.5% annualized pace. Gold ended Friday lower as the dollar recovered and long-term Treasury yields rose, although softer inflation and reduced expectations for further tightening continue to provide some underlying support. SMC View The bullish MSS and BOS indicate that buyers have started shifting the short-term structure. However, a full bullish continuation still requires price to reclaim the descending trendline. The $4,004–$4,020 demand zone aligns with rising support and is the main decision area. Buying near the current price would mean entering directly below resistance, so bullish rejection and lower-timeframe structure confirmation are required. Main Trading Scenario Condition: Gold retraces into the $4,004–$4,020 demand zone, respects the rising trendline and forms a clear bullish rejection. A lower-timeframe bullish MSS or CHOCH is required before entry, while a breakout retest of the descending trendline would strengthen the setup. Entry: $4,004–$4,020 after bullish confirmation SL: Below $3,995 and the reaction low TP1: $4,080–$4,100 TP2: $4,148–$4,166 TP3: $4,195–$4,210 Key Zones to Watch Current price: $4,045.165 Main buy zone: $4,004–$4,020 Lower demand: $3,958–$3,974 Trendline resistance: $4,080–$4,100 First target: $4,148–$4,166 Main target: $4,195–$4,210 Invalidation: Acceptance below $3,958 Confirmation: Bullish rejection with MSS or CHOCH Prime Gold View The buy bias remains valid while Gold protects the rising support and the $4,004–$4,020 demand zone. The preferred plan is to wait for a confirmed pullback rather than chase price below the descending trendline. If buyers defend demand and reclaim trendline resistance, price could expand toward $4,148–$4,166 and potentially $4,195–$4,210. Acceptance below $3,958 would invalidate the bullish setup. No confirmation, no trade.