XAUUSD: Pullback to Demand Zone Before Bullish ResumptionGoldOANDA:XAUUSDEldric_Morran_XAUUSD maintains its uptrend, trading above both the EMA34 and EMA89; however, upward momentum has stalled following a rejection at the 4,160–4,170 resistance zone. The current correction likely represents a retest of the demand zone around 4,088—a level that converges with the EMA34 and previously served as support during the recent uptrend. Fundamentally, gold remains supported by a weakening US dollar and safe-haven demand driven by geopolitical uncertainty. Nevertheless, expectations that the Fed will maintain high interest rates have kept buying pressure insufficient to immediately break through the short-term highs. This increases the likelihood that the price needs to complete a pullback before resuming the primary trend. The preferred scenario is to await a positive reaction at the 4,088 level. If a bullish confirmation signal emerges and the price holds above the EMA34, XAUUSD could recover toward the 4,160 zone, where buyers would again test the supply. Invalidation scenario: If the price closes below 4,088 on the H1 timeframe and loses the EMA34 support, the risk of a deeper correction toward the EMA89 increases.