XAU/USD Reversal Expected from Demand Zone – Bullish Breakout PoGoldOANDA:XAUUSDMKMine23In this 1H chart of XAU/USD (Gold vs US Dollar), the price has been trading inside a descending channel, gradually approaching a strong demand zone between $3,345 – $3,341, which also aligns with the weekly low. The price recently tested this zone and showed signs of slowing bearish momentum. I anticipate a potential bullish reversal from this area, supported by historical demand reaction and volume activity. The projected price action (illustrated with the W-pattern) suggests a higher probability of a breakout from the channel, targeting: 🎯 TP1: $3,367 (mid-structure & MA test) 🎯 TP2: $3,374.16 (key horizontal level) 🎯 TP3: $3,383.82 (upper resistance & previous support flip) 🛑 SL: Below $3,341 – invalidation of the demand zone This trade idea relies on confirmation via bullish engulfing or rejection wicks around the demand zone with volume uptick. Always wait for a clear entry confirmation before entering the trade. Trade safe and manage your risk.