XAU/USD Analysis (1H TF)

The price has reacted strongly from the 1H Demand Zone, aligning with the broader bullish structure and multiple Break of Structure (BOS) confirmations. However, the key question is whether this zone will hold or fail, driving the price towards the lower 4H Demand Zone for a potential reaccumulation in the 1H. 👀

Current Observations:

• Shift and BOS Confirmations: The recent structure shifts indicate bullish momentum.
  
• Short-Term Target: Price is hovering near $2706, with a potential move towards the previous high near $2724.
  
• Demand Zones in Play:

- 1H Demand Zone: Holding for now.
- 4H Demand Zone: Positioned below, providing a stronger area for mitigation if the current zone fails. (confluence with another unmitigated 1H demand zone)

What do you think, team? Will the demand zone hold, or are we looking at a retest of the lower demand zone? Share your thoughts below! 💡