XAU/USD 2H — GOLD AT A CRITICAL DEMAND ZONEGoldOANDA:XAUUSDXBullrun Gold is trading around 4,289, after a clear short-term decline from the 4,390–4,400 area. Price is now approaching the visible 4,260–4,270 demand/support zone, making this an important decision area. 📊 Market Structure Price has been forming lower highs and lower lows from the 4,390 area. A descending trendline is still acting as overhead resistance. Current price is approaching the 4,260–4,270 demand zone. The broader visible support below sits around 4,215–4,230. 🟢 Bullish Scenario If buyers defend 4,260–4,270 and price produces a confirmed bullish reaction: 4,290 → 4,320 → 4,350 → 4,375–4,395 A sustained break above the descending trendline and the 4,380–4,395 resistance area would provide stronger confirmation that the corrective decline is losing momentum. 🔴 Bearish Scenario If price breaks and closes below 4,260, the demand zone would be weakened. Potential downside areas: 4,240 → 4,215–4,230 A decisive break of the major support zone could expose further downside, but that would require confirmation rather than assuming the move in advance.