Gold has just broken out decisively from the high liquidity zone of 4.145–4.195, where it has repeatedly blocked previous increases.

The strongly expanding candle range shows that the buyers have really dominated, but the RSI is entering the overbought zone so buying around 4,295 is no longer attractive.

My preferred scenario is that XAUUSD corrects to retest the breakout zone. If the price holds 4,150–4,195 and there is a bullish reaction above H3, the old resistance will officially turn into support, creating the foundation for the next uptrend towards 4,400.581.

Macro is also strengthening the upward trend: the USD and US bond yields weaken, private employment data cools and the market reduces expectations that the Fed will raise interest rates in September. This is a favorable environment for gold to maintain its strength.

The breakout confirmed the bulls' advantage; What we need to wait for now is a nice enough pullback, not chasing a candle that has run too far.

Do you think gold will retest deeply to the support zone or just adjust shallowly before continuing to increase?