XAUUSD — Gold: Bullish Reaction From Demand Zone

Wait 5 sec.

XAUUSD — Gold: Bullish Reaction From Demand ZoneGoldOANDA:XAUUSDTradeGMiniGold is showing an interesting bullish reaction after price tested the 4367–4377 demand/support area. Price initially sold off into the zone, found support, and then produced a strong bullish reaction. The important point for me is not simply the bounce — it is the location of the reaction and the subsequent reclaim of the 4380 area. 📊 Trade Idea XAUUSD — LONG Entry: ~4380 Stop Loss: ~4377 Target: ~4455 The setup provides a strong potential Risk/Reward profile, provided price continues to respect the demand zone. 🔎 What I'm Watching Demand zone holds around 4367–4377 Price maintains above the recent reaction low Bullish momentum continues above 4380 A sustained move higher could open the path toward 4400 → 4420 → 4455 🎯 Key Levels 4367–4377 → Demand / invalidation area 4380 → Current decision area 4400 → First psychological resistance 4420–4440 → Intermediate resistance 4455 → Main upside objective The idea becomes invalid if price decisively breaks and holds below the demand zone. Patience is key. I would rather wait for confirmation at a major level than chase the middle of the move.