XAUUSD — Demand Retest Buy SetupGoldOANDA:XAUUSDGold_Prime_SmcGold is trading around $4,119 after breaking above the descending trendline and expanding strongly from the structural low near $3,960. The impulsive move confirms that buyers are controlling the short-term structure. Price is currently extended after reaching the projected wave (3) area. The preferred opportunity is a controlled pullback into the Immediate Demand zone at $4,040.690–$4,059.126 before the next potential bullish expansion. SMC View The trendline breakout and strong displacement indicate a clear structural shift from correction into bullish continuation. The Immediate Demand zone represents the origin of the latest impulsive move and remains the main decision area for buyers. Entering near the current price would mean chasing an extended move. A retracement into demand, followed by bullish rejection and a lower-timeframe MSS or CHOCH, would provide stronger confirmation that buyers remain in control. Main Trading Scenario Condition: Gold pulls back into the $4,040.690–$4,059.126 Immediate Demand zone and forms a clear bullish rejection. A lower-timeframe bullish MSS or CHOCH is required before entry. Entry: $4,040.690–$4,059.126 after bullish confirmation SL: Below $4,040.690 and the reaction low TP1: $4,130–$4,135 TP2: $4,168–$4,177 TP3: $4,193–$4,202 Key Zones to Watch Current price: $4,119 Immediate Demand: $4,040.690–$4,059.126 HTF Supply: $4,168–$4,177 Major Supply: $4,193–$4,202 Invalidation: Acceptance below $4,040.690 Confirmation: Bullish rejection with MSS or CHOCH Prime Gold View The buy bias remains valid while Gold protects the $4,040.690–$4,059.126 Immediate Demand zone. The preferred plan is to wait for a confirmed pullback rather than chase the current expansion. If buyers defend demand, price could continue toward the HTF Supply and potentially the Major Supply above. Acceptance below $4,040.690 would weaken the bullish setup. No confirmation, no trade.