XAUUSD – Weekly Volume Profile & Demand ZonesGoldOANDA:XAUUSDGOLD_MARKET_ XAUUSD – Weekly Market Structure | Volume Profile & Major Demand Zones Market: Gold / U.S. Dollar (XAUUSD) Timeframe: Weekly (1W) Methodology: Volume Profile / Market Structure / Price Action Market Overview Gold is currently experiencing a significant corrective phase following its strong rally from the 1,900 region toward the 5,400–5,600 highs. The weekly structure shows weakening bullish momentum, with price moving away from its historical highs and approaching important higher-timeframe support regions. The current chart highlights several major demand zones below the market, along with an important horizontal resistance level around 4,400. The main focus is how price reacts around these historical areas as the weekly structure develops. Key Technical Areas 4,400 | Major Horizontal Resistance An important historical price level. A sustained reclaim could indicate improving bullish momentum. 3,300–3,450 | First Major Demand Zone The nearest major demand region identified on the chart. A meaningful bullish reaction here could support a recovery scenario. 2,600–2,800 | Second Major Demand Zone A deeper historical demand region if the first support area fails. 2,300–2,500 | Lower Demand Zone A broader historical accumulation region relevant under an extended corrective scenario. 5,000–5,400 | Higher Recovery Region An upper price region to monitor if a sustained bullish recovery develops. Volume Profile Perspective The volume distribution provides useful information about historical trading activity. High-volume regions indicate greater historical participation, while lower-volume regions represent areas with comparatively less trading activity. These regions can help identify potential areas of price acceptance and rejection, although they do not independently confirm future market direction. Possible Market Scenarios Bullish Scenario: If price reaches the 3,300–3,450 demand region and develops a meaningful bullish structural shift, a recovery could become possible. A sustained reclaim of 4,400 would provide additional evidence of improving weekly momentum. Deeper Correction Scenario: If price breaks below the first major demand zone and establishes sustained acceptance beneath it, the 2,600–2,800 region could become the next important area to monitor. Further weakness could bring the lower 2,300–2,500 region into focus. Technical Perspective The combination of weekly market structure, historical volume distribution, and multiple demand regions makes the current corrective phase particularly interesting. The most important consideration is whether buyers can defend the first major demand region or whether the market requires a deeper correction. Conclusion: XAUUSD is undergoing a significant weekly correction after its historical rally. The 3,300–3,450 region represents the first major demand area on this chart, while 2,600–2,800 remains an alternative deeper support scenario. Weekly price confirmation will be essential before identifying a potential long-term reversal