The 4-hour XAU/USD chart shows gold breaking above a long-term descending trendline, confirming an initial bullish breakout. Price then rallied strongly into a major resistance zone around 4,225–4,250, where buying momentum stalled.

A sharp move above resistance created a fake breakout (bull trap), as price failed to hold above the zone and quickly reversed back below resistance. This rejection suggests short-term profit-taking and increases the probability of a corrective move before any new bullish continuation.

The highlighted support near 4,142.81 represents the first downside objective (TP1), which aligns with a previous resistance-turned-support area and could attract buyers if the pullback continues.

Target
TP1: 4,142.81