XAUUSD | Bullish Structure Facing Key Supply ZoneGoldOANDA:XAUUSDTrade_StrategiesGold has shown a strong bullish recovery from the July lows, followed by a clear displacement toward the 4,600 area. After reaching higher prices, the market is now retracing toward a key Daily Order Block, which may become an important decision point for the next move. 📊 Market Structure The chart shows a shift from the previous bearish phase, followed by a bullish Market Structure Shift (MSS) and strong upside expansion. Price is currently pulling back after the recent impulsive move, while the broader recovery structure remains visible. 🔵 Key Daily Order Block: 4,330–4,440 This is the nearest demand area marked on the chart. A controlled retracement into this zone could be important for determining whether buyers remain in control. 📈 Bullish Scenario If price reacts positively from the 4,330–4,440 Daily Order Block and bullish structure is maintained, the following areas may become relevant: ➡️ 4,750–4,800 — Previous upside area ➡️ 4,960–5,040 — Major Daily Supply Zone The 4,960–5,040 supply area is the main higher-timeframe zone on the chart, where a reaction or increase in selling pressure may occur. 📉 Alternative Scenario If the Daily Order Block fails to hold and price confirms a bearish structural shift, attention could move toward the highlighted Breaker Block around 4,130–4,200. A break below this region would weaken the current bullish recovery and could indicate a deeper corrective phase. 🔑 Key Levels to Watch 🔴 Major Supply: 4,960–5,040 🔵 Daily Order Block: 4,330–4,440 ⚫ Breaker Block: 4,130–4,200 📍 Current Price Area: Around 4,455 🧠 Conclusion XAUUSD remains in a recovery phase on the Daily timeframe, but the immediate price action around the 4,330–4,440 Order Block is important. A confirmed bullish reaction could support another move toward higher liquidity and the major supply zone, while a loss of this area could expose the lower Breaker Block. This analysis is for educational and informational purposes only and reflects a technical perspective based on the chart shown. It is not financial advice or a guarantee of future market performance. Always use independent analysis and appropriate risk management.