XAUUSD – Gold Tests Major Demand, Sellers Still Pressing GoldOANDA:XAUUSDHannah_MarlandXAUUSD – Gold Tests Major Demand, Sellers Still Pressing Gold is trading around 4,263 after facing renewed selling pressure from the upper reaction zone. The chart shows that gold failed to hold above the 4,302 – 4,325 structure and continued moving lower toward the major demand area. This tells me that buyers are still weak in the short term, while sellers continue to control each recovery attempt from higher levels. The market is also moving carefully because traders are waiting for the expected meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this week. This kind of event can create uncertainty, so gold may stay sensitive to headlines before choosing a stronger direction. Technical view: Gold rejected from the higher structure and dropped below 4,302. The current price is near 4,263, close to the lower demand area. The first reaction area is around 4,275 – 4,300. If gold retests this area and fails, selling pressure may continue. The key short-term resistance is 4,302 – 4,325. A stronger rejection zone sits around 4,360 – 4,395. The major demand zone is around 4,240 – 4,250. If 4,240 breaks clearly, gold may open a deeper downside move. Key levels to watch: Current price: 4,263 Major demand: 4,240 – 4,250 First reaction area: 4,275 – 4,300 Short-term resistance: 4,302 – 4,325 Seller reaction zone: 4,360 – 4,370 Strong rejection zone: 4,390 – 4,400 Bearish continuation: below 4,240 Main scenario for this week: If gold fails to reclaim 4,302 – 4,325, the short-term structure remains weak. A small pullback toward 4,275 – 4,300 may only be a correction before sellers react again. If price loses the major demand zone around 4,240 – 4,250, gold may continue lower toward the next deeper support area. Alternative scenario: If gold defends 4,240 – 4,250 and breaks back above 4,325, the selling pressure may slow down. In that case, buyers may try to recover toward 4,360 – 4,370 first. A stronger bullish recovery only becomes clearer if gold can break above 4,390 – 4,400. Hannah’s view: Gold is still under pressure. The market has not shown a strong bullish reversal yet. Buyers are trying to defend the major demand zone, but the structure remains bearish while price stays below 4,302 – 4,325. For this week, I want to watch the reaction around 4,240 – 4,250. If this zone holds, gold may create a short-term recovery. But if it breaks, sellers may continue to dominate the next move. Main view: gold remains weak below 4,302 – 4,325. A rejection from this area keeps 4,240 in focus. A clean break below 4,240 may trigger a deeper drop. A real recovery only becomes stronger above 4,390. No confirmation means no trade. Do you think gold will defend the major demand zone, or will sellers push price below 4,240 this week?