XAUUSD Analysis | 8H Timeframe Gold to reverse at demand zoneXAU/USD Spot - GoldFX:XAUUSDFrankAgboGold remains in a corrective phase after a strong bearish trend, with price now trading inside a well-defined range between a major demand and supply zone. The current price action suggests accumulation, and buyers may be preparing for another attempt to push higher. The highlighted demand zone around 3,940–3,970 remains the key level to watch. If buyers defend this area, a bullish reversal could develop, targeting the 4,100–4,130 supply zone. A clean breakout above resistance would confirm renewed bullish momentum and could lead to further upside. Key Levels 🟦 Demand Zone: 3,940 – 3,970 🟦 Supply Zone: 4,100 – 4,130 Bullish Scenario Price retests and respects the demand zone. A bullish confirmation candle or market structure break increases the probability of a rally. Initial target is the supply zone, with potential for higher prices if resistance is broken. Bearish Scenario Failure to hold above the demand zone could trigger another wave of selling and extend the broader downtrend. 📈 Trading Outlook The market is currently range-bound, making patience essential. Rather than chasing price in the middle of the range, wait for a reaction at the marked zones. Confirmation at support offers a higher-probability buying opportunity with a favorable risk-to-reward ratio. Conclusion The overall bias remains cautiously bullish while the demand zone holds. Watch for buyer strength before committing to long positions. Do you expect Gold to bounce from demand and retest resistance, or will sellers break support for another leg lower? #XAUUSD #Gold #Forex #TradingView #PriceAction #SmartMoney #SMC #ICT #TechnicalAnalysis #ForexTrading #MarketStructure