Gold has delivered a decisive bullish breakout after reclaiming the descending trendline that capped price for several weeks. The strong impulsive rally confirms that buyers have regained short-term control, shifting market sentiment back in favor of the bulls.

Following the breakout, the focus is no longer on chasing price higher. Instead, traders should watch for a healthy pullback into the newly established support zone around 4130–4140. If this former resistance holds as support, it would reinforce the bullish structure and provide a higher-probability Buy opportunity in line with the prevailing trend.

The next upside objective is the 4165–4170 resistance, where short-term profit-taking may appear. A successful breakout above this zone would open the door for an extension toward the major H4 resistance around 4195–4200, completing the broader bullish continuation.

As long as Gold continues printing higher highs and higher lows above the breakout level, the preferred strategy remains buying pullbacks rather than chasing momentum.

📍 Key Levels

🔹 4130–4140
Primary support and preferred Buy zone after the breakout.

🔹 4165–4170
First resistance and short-term upside target.

🔹 4195–4200
Major H4 resistance and next bullish objective.

🔹 Below 4125
A sustained break below this level would weaken the breakout structure and increase the probability of a deeper pullback toward 4095–4110.

✅ Preferred Scenario
Wait for a pullback into 4130–4140 support.
Look for bullish confirmation before entering Buy positions.
Initial target: 4165–4170.
Extended target: 4195–4200 if buyers maintain momentum.
Bias remains Buy while price holds above the breakout trendline and continues forming higher lows.