Gold Recovers From Demand Zone, Eyes Key Resistance TargetsGoldOANDA:XAUUSDZenTrade_SetupThe 4H XAUUSD chart shows a well-defined Smart Money Concepts sequence unfolding after a multi-week decline. Price initially broke down from a triangle consolidation, sweeping liquidity above the pattern before confirming a BOS (Break of Structure) and accelerating lower through a clear Distribution Zone. Along the way down, a CHoCH (Change of Character) and additional BOS levels confirmed the bearish structure, with several FVGs left behind marking areas of imbalance that price later revisited during minor retracements. The decline eventually brought price into the zone where institutional buying interest is expected, roughly between 3,967 and 3,990. This area proved to be a strong demand zone, triggering a reaction that has price now trading at 4,017.315, modestly higher on the session. The projected path suggests a stepped bullish continuation, with price expected to work through the trend line resistance before reaching Target 1, located within the Key Resistance zone around 4,161–4,206. This aligns closely with the 0.5–0.618 Fibonacci retracement levels, adding confluence to the target area. Should buyers push through this first resistance, the next objective becomes Target 2 near 4,355, which corresponds to the 1.0 Fibonacci extension — an area that sits well below the broader Major Higher-Timeframe Supply Zone near 4,594–4,600. From a risk management perspective, the key invalidation level is a decisive break back below the institutional buying zone (under 3,967). Such a move would suggest sellers have regained control and could open the door for a retest of lower levels. For now, structure favors continued upside as long as demand holds, with traders watching for confirmation signals at each target level before committing to further positions. Do you think gold will reach Target 2 near 4,355, or will price stall at Key Resistance first?