XAUUSD: The Bullish Structure Is Gradually Being Confirmed

XAUUSD remains in a downtrend, continuing to form lower highs and lower lows. As price moved lower, selling pressure began to slow, and each new bearish push became weaker than the last. Price then reacted clearly from a key demand zone, where renewed buying pressure pushed it above the descending trendline, suggesting that the short-term structure is beginning to shift. This breakout is important because the market has now reached a decision point. If price continues to hold the demand zone and stays above the broken trendline, I expect the recovery to extend toward the 4,100 area. The bullish scenario would be invalidated if price falls back below the demand zone. Until that happens, the current price action continues to point to a bullish structural shift following the prolonged decline.

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