XAUUSD FROM KEY DEMAND

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XAUUSD FROM KEY DEMANDGoldOANDA:XAUUSDAyofemipipsGold is currently consolidating inside a descending channel/wedge after the sharp rejection from the 4,680–4,700 area. Price is now testing a key demand/support zone around 4,280–4,320, which has previously acted as a reaction area. The current structure suggests a potential bullish continuation if buyers defend this zone and price breaks the descending trendline. Trade idea: 🟢 Entry: Around 4,300–4,340, preferably after bullish confirmation 🛑 Invalidation: Sustained break below ~4,280 🎯 Target: 4,685 📊 R:R: Attractive if support holds The key is patience: I want to see the support zone hold and the descending structure break before expecting a move back toward the previous high.