XAUUSD: Gold Breaks Support as Price Approaches Key Demand ZoneGoldOANDA:XAUUSDXAUApex🔹 XAUUSD technical analysis shows a clear bearish market structure, with price forming lower highs and facing consistent selling pressure beneath the descending trendline. After rejection from the 4,600–4,700 region, Gold gradually moved lower and broke below the horizontal support near 4,107. This breakdown suggests that sellers remain active, while the current price action is approaching a key support zone around 3,930–4,000. Meanwhile, the highlighted liquidity area around 4,480–4,500 represents a potential resistance region if price stages a recovery. 🔸 A bullish recovery could develop if XAUUSD holds the current support zone and buyers establish convincing price action, potentially allowing a move toward the former support near 4,107 and the descending trendline. However, if support fails and bearish momentum continues, further downside could emerge as price searches for lower liquidity. Traders may wait for clear price confirmation before considering any trade scenario, while monitoring the reaction at support and resistance for clues about the next market-structure shift. This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.