Gold (XAUUSD) has broken above a major descending resistance trendline on the 2-hour chart, signaling a potential bullish continuation. Price is holding well above the breakout zone and key support, while the projected path suggests a possible pullback/retest before another push higher.

**Target:** $4,407
**Bias:** Bullish
**Key Area:** Breakout/retest around $4,100–$4,125
**Support:** Rising trendline around $4,000–$4,020

A successful hold above the breakout zone could open the way toward the projected $4,407 target.