XAUUSD Bearish Dip Toward Demand Zone Before Potential Rebound

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This 30-minute gold (XAU/USD) chart shows a sharp drop after rejecting resistance around the $3,870 zone, where a weak high was formed. Price broke structure (CHOCH) and is currently retracing lower, targeting the demand zone between $3,750–$3,770. The projection suggests a possible rebound from this support area, with the potential to recover back toward the $3,860 resistance region, aligning with the marked weak high. This indicates a short-term bearish move followed by a bullish correction.

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