The 4H XAUUSD chart shows a powerful bullish development following weeks of consolidation. After the Bullish Market Structure Shift (BMS) off the Protected Swing Low / Major Demand zone near 3,949–3,985, price built a rising structure that culminated in a confirmed Bullish Breakout above the long-standing descending trend line, near the Strong Low around 4,020–4,030.

This breakout carried strong conviction, with price confirming a fresh BOS (Break of Structure) and accelerating sharply to a new Week High. This impulsive move has now retraced slightly, pulling back into what the chart labels the Support Zone Buy — a retest of the breakout area that confirms former resistance has flipped into reliable support.

Currently trading at 4,341.935, up 0.29% on the session, price is holding firmly within this support zone after the retest, reflecting continued bullish control. This kind of clean breakout-retest-continuation sequence is a textbook Smart Money Concepts pattern, often signaling that the next impulsive leg is ready to unfold.

The projected path points toward the Primary upside target zone between 4,410 and 4,480, an area where expected selling pressure may emerge given its historical significance on the higher timeframe. Beyond this, the broader Major Higher-Timeframe Supply Zone near 4,600 remains the long-term objective for this bullish structure.

From a risk management perspective, the key invalidation level is a decisive break below the Support Zone Buy (under 4,250). Such a move would suggest the breakout has failed and could open the door for a deeper retracement back toward the Strong Low.

For now, structure strongly favors continued upside momentum, with the confirmed retest supporting further gains toward the Primary upside target zone.

Do you think gold will push straight through to the 4,410–4,480 target zone, or will we see consolidation at current levels first?